So, why did gold crash?

I am not an expert on the subject, but I think here might be a good reason as to why:

Who killed the gold?

 

 

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

via After Gold Crash, Experts Point to Central Bank Manipulation.

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.

Oh Wonderful: The GOP is about to cave on gun control

It figures, you can’t trust a neoconservative to maintain principles for anything. This is why I despise them so much:

Republicans need to “have a discussion on guns” in the wake of last week’s grade-school massacre in Newtown, Conn., Speaker John Boehner (R-Ohio) told his conference Tuesday.

Speaking to his troops at a closed-door meeting in the Capitol, Boehner was mindful of conservatives’ traditional opposition to new gun restrictions, emphasizing that Republicans wouldn’t do “anything knee-jerk,” according to a lawmaker in the room. 

But the Speaker also said he wants to “de-politicize” the issue of gun violence, which has been thrust dreadfully into the national spotlight following the murder of 26 people — 20 of them young school children — at Sandy Hook Elementary School last Friday.

Since the massacre, President Obama and a long list of congressional Democrats have urged tougher gun laws — including a reinstatement of the assault-weapons ban and the elimination of the gun-show loophole — but GOP leaders have remained largely silent about a violence-prevention strategy. The discrepancy has lent partisan undertones to the Sandy Hook response that Boehner clearly wants to eliminate.

Boehner said the GOP’s strategy would be to examine the reasons that the mass shootings of recent years have been carried out, almost exclusively, by young, white males with mental illnesses, according to the lawmaker in the room.

“We need to have a discussion about guns,” the lawmaker said, relaying Boehner’s remarks, “and that doesn’t mean that all of a sudden we abandon the Second Amendment or the NRA [National Rifle Association] or anything like that. But there needs to be a discussion and everybody needs to participate and we need to depoliticize it.”

Boehner also told Republicans that they need to be “circumspect” in their observations, the lawmaker said, warning that “it’s not helpful” for lawmakers to call for arming teachers as a way to prevent mass shootings. 

via Boehner calls for ‘discussion’ on guns – The Hill.

 

Basically, that means, we’re screwed. They are going to pass a broad ban on all weapons that are not considered for personal protection. Which means that everyone needs to seriously look into buying that gun that you have wanted, before the ban goes into effect, and get your high-capacity magazines and ammo; before they outlaw you from buying it.

In my sidebars, I have two great places, one for ammo and one for guns. Please do check them out. I believe that everyone should be able to own a gun. This idea that guns were responsible for this tragic event is asinine. The only person responsible was the shooter’s mother, who was too stupid to not have her guns, where her mentally ill son could not get to them.

However, this will not stop this Marxist president; He and Hillary Clinton will not rest until there is a British-style gun ban in America. So, you know what means, don’t you?

 

…and by the way, Hit My Tip Jar too; so that I can maybe get some as well… Thanks!

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Others: MediaiteThe Hill and The Caucus (via Memeorandum)

Special Comment: Why I am not removing my ads for Guns, Ammo, Gold or Knives

Update – March 17, 2013: I felt the need to update this, because I noticed someone looked for it or something. Gun, Knife, and Ammo ads are great; but when they are not paying. They are, in fact, a good waste of time and space. I did have, at the point of being annoying, a ton of gun, gold and ammo ads on here at one time. I still have an ammo ad. But the gold ads and the ads for the gun store, were not paying. My ad for goldsilver.com paid me one time. After that, I never did get anymore buys on that ad. So, I pulled everything for a time. I put the ammo ad back up, because I figured someone would buy something, maybe. To be quite honest, it never has paid anything at all. So, again, what I wrote below was written right after Sandy Hook and I still agree with it; but I did remove those ads, because of a lack of revenue.

—–

This is one of those special comments, which I really did not ever think that I would actually have to write. However, seeing that common sense is a scarce commodity today, I feel the need to inform those who come here.

The shooting in Newtown CT happened; and I told the Republican Party and the Conservative movement, “When you all come back to reality, call me!”

Well, one would expect that I would shed my right-wing nut job image, and remove the ads for guns, knives, gold and silver; and become some sort of Prius driving, latte sipping, wire-rim glasses liberal Democrat who curses all forms of capitalism and bemoans the virtues of communism and the fact that America has not implemented them.

One would also expect that I would put ads for green energy, global trade and other such tripe that the Liberal left makes to be their pet cause.

One would be in grave disappointment, but that said person has not a damned clue what I am truly about. The truth is folks, I am somewhere in a very happy place, between a moderate Conservative and a blue-dog Democrat. I remember the old Democratic Party that I admire to this day, under President Franklin D. Roosevelt. This was when the Democratic Party was honestly worth a damn in my book.

It was that Democratic Party of old, which took the United States of America to war in 1941, after the empire of Japan, struck us at Pearl Harbor. In addition, the Democratic Party of 1945 was victorious in Germany with the defeat of the Nazis, and with the empire of Japan. America was a great Nation then. We build everything here, men were men, and boys were boys — women did not rule their men. People went to Church on Sunday and respected the Word of God. It was a different era and one that I greatly miss.

The reason why I am not removing those ads is quite simply this: Those ads of mine have not a damned thing to do with that shooting up in Newtown, CT. The only persons that have anything remotely to do with those shooting, is the shooter himself and the shooter’s mother, who had zero business having any sort of firepower near her mentally ill son.

I hate to disappoint my liberal friends, who do read here, but I am an unrepentant capitalist, and I shall be until the day that I take my last breath. Blaming me or anyone else who has gun ads on their blog is a simple-minded exercise in idiocy. Furthermore, blaming people like NRA and other gun advocacy groups is also idiotic at best.

Blaming groups like that, would be blaming food manufactures and farmers for obesity! Do the farmers put the food in your mouth? Do the food makers put the food in your mouth? No! You do, it is called personal responsibility! How idiotic is it for someone to blame a gun, which is quite honestly a tool of self-defense; for the actions of a mentally deranged person, whose Mother was too irresponsible to put away her guns and keep them away from her son. Anyone with any sort of semblance of common sense would know this. My question is, what is the modern-day liberal Democrat’s problem them?

This is my entire problem with the Democratic Party of today. They steadfastly refuse to embrace the idea of personal responsibility. They want to blame everyone and everything else, but the people who commit crimes; tot to mention that they want to involve everyone else to raise their idiotic bratty children! It does not take village people it takes responsible parents. This is also something that is also lacking today as well, not only in the Democratic Party and in its base — But also in America in general.

To be fair the Republicans are not much better, they are sitting around idly and allowing America to drive over a fiscal cliff, something that America was honestly talking about, before this deranged nut-ball killed these people. Not to mention that John Boehner is selling Conservative fiscal values up the river. They do not mind selling organized labor up the river, but they will allow America to be in debt to China for the rest of eternity. Funny how those politicos work, is it not?

In closing: I am not removing my ads for guns and removing the chance that I might just make a bit of money on my blog. All so some tree-hugging far leftist can feel about the fact that I am contributing to the death of someone, because some deranged idiot happened to have bought a gun from the dealers, of which I have an affiliation.

Furthermore, I am not removing my ads for Gold and Silver, and other such metals, so that some idiotic far leftist liberal happens to be under the delusion that President Obama’s and the current Republican leadership’s form of economics is perfectly fine can feel good about himself.

I might not be very happy with the current state of the Conservative movement as a whole, and I might not be happen with the current Governor of Michigan, and I might not be too pleased with the Republican Party of Michigan and the national party —- but I am not a fool — not now, not ever. Just because I question actions, does not mean I have lost my mind — unlike the Democratic Party since about the time of President Johnson.

The Federal Reserve Bank continues to screw America into the ground

Here is the Fed chairs announcement:

The Story via CNN.COM:

NEW YORK (CNNMoney) — The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy.

The policy, known as quantitative easing and often abbreviated as QE3, entails buying $40 billion in mortgage-backed securities each month. The end date remains up in the air, as the Fed will re-evaluate the strength of the economy in coming months.

The Fed is wasting no time. The purchases begin Friday and are expected to add up to only $23 billion for the remainder of September.
The bond-buying policy “should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative,” the Fed’s official statement said.

Meanwhile, the Fed will continue its existing policy known as Operation Twist. Together the two programs will add $85 billion in long-term bonds to the Fed’s balance sheet each month.

Now what effect will this have on our money supply?

Ryan W. McMaken writing over at Lew Rockwell’s blog correctly observes:

The effect of this will be:

  1. Even less saving going on than is happening now. Why do the lending institutions need more liquidity? Because there are no real life loanable funds in the first place. No one is putting money in depository institutions, for example, because interest rates are at rock-bottom levels, but also because people have no excess money to save. So, the Fed is creating fake loanable funds through the purchase of the MBSs. Much of this will probably be newly-created money.
  2. It will maintain the focus on consumer spending rather than investment. The idea is to keep people spending on real estate. Thus, less will be spent on business investment.
  3. People will incur more debt.

We’ve heard for years from some incorrigible economists that what we need is the Fed to pump up the real estate market to get people spending again. Their answer is: more debt, more spending, less savings and investment.

This is what has been happening for years to no avail, of course, and the Fed is now just turning it up a notch. I’m sure recovery is right around the corner.

The definition of insanity/Keynesianism: Doing the same thing over and over and expecting a different result.

A-farking-men. This is what happens, when you elect the same very idiots, who screwed the housing markets squarely into the ground.  People that voted for this sort of Government, get exactly what is coming to them and the sort of Government that they voted for. Who the heck ever heard of printing money, that you do not even have to print? It is the textbook case of utter insanity.

I will say this; if Mitt Romney loses this election and the way recent events have turned out, he just might lose —- and this Nation goes into the crapper, because Conservatives and the Republican Party decided to pick a safe candidate. Then the Republican Party should be shut down for good and a new Conservative Party formed. Others have said it, I know and they are absolutely correct.

This stuff right here is the very reason why I hung it up with the Democratic Party and stopped voting for them and supporting them. I am not a millionaire or even someone with any sort of money at all. Hell, I have been unemployed for 8 damned years. However, I do know stupidity, when it see it; and it is on full display here.  Only insane people would do stuff like this, and try to rev up the economy. The solution is to let the free-market work and do its job, not stick a statist finger in it.

Also too; as much as I am not a big fan of weaving ads into my blog postings. I believe this one is important. This would be a good time as any to get into Gold, Silver and other metals. I deal with two companies that sell the stuff. Their banners are below and they both come highly recommended.

They are:


GoldSilver.com

and…:

Buying Gold

Current Prices:




It would be absoutely insane not to get into at least some sort of Gold or other precious metal investment.

 

Others: Michelle MalkinNewsyGuardianLewRockwell.com Blog and Real Time Economics — Blogger Roundup at Memeorandum.com

Chuck Baldwin minces no words about Paul Ryan

I have to like Chuck Baldwin, he does not mince words:

It has happened again. We go through this every four years, and every four years the vast majority of “conservatives” fall for it. This is such a broken record. What did Forrest Gump say: “Stupid is as stupid does”? And wasn’t it P.T. Barnum who said, “There’s a sucker born every minute”? Well, here we go again.

Neocon RINO George H.W. Bush picks “conservative” Dan Quayle. “Conservative” G.W. Bush picks neocon RINO Dick Cheney. Neocon RINO John McCain picks “conservative” Sarah Palin. Now, neocon RINO Mitt Romney picks “conservative” Paul Ryan. As long as there is one “conservative” on the ticket, mushy-headed “conservatives” across the country will go into a gaga, starry-eyed, hypnotic trance in support of the Republican ticket. I’m convinced that if Lucifer, himself, was the GOP Presidential candidate, he would get the support of the Religious Right and Republican “conservatives” as long as he selected a reputed “conservative” to join his ticket. And, by the way, the notable “conservative” wouldn’t think twice about joining such a ticket, either, I’m convinced.

Let’s just get this on the record: since 1960, there have only been two Presidential nominees (from the two major parties) who were not controlled by the globalist elitists. One was a Democrat, John F. Kennedy; the other was a Republican, Ronald Reagan. Kennedy was shot and killed; Reagan was shot. Every other President, Democrat or Republican, has been totally controlled, which is why none of them have done diddly-squat to make a difference in the direction of the country. On the issues that really matter, Mitt Romney and Paul Ryan are just more of the same!

via Chuck Baldwin — Paul Ryan: More Of The Same.

He goes on to say that Ron Paul is the only one; and I disagree with that. However, I will say this; he is right about Romney and Ryan. Which is I am voting for:

Goode/Clymer in 2012

He will not win the election

But voting for anything else is simply Anti-American

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Video: Two interesting videos on Gold and Silver

If you happen to believe this is a blog posting to try and promote some income for myself….you would be right! 😉 😀 😛 🙂

But seriously, I think these videos should be watched by many.

…and now for the kicker:

As you know, I promote the buying of Gold and Silver on this blog. Yes, if you buy by clicking on the banner below, I do a get a very small percentage of the purchase price, with no more cost to you whatsoever. No, this is not a spam blog posting, it is simply someone who wants to warn people about the problems with our money system and wants to offer an alternative to the current failed money system. I know not everyone can afford it; but for those who can, the option is there.

Click the banner for information on how you can get into Gold and Silver before prices go up:


GoldSilver.com