The God of all looks down from Heaven and sees the folly of man.
The governments and central banks are desperate to maintain their monopoly on the fraud of paper currency. They will do anything to perpetrate this means of control of citizens. Once again the not for profit boyz have manipulated the precious metals. There will come a time when they can no longer run their con.
The God of all sits in Heaven and laughs at the folly of men. Since the Gospel message has been lost among from many churches and people, folly has become the actions of governments and banks. Among men, it has revealed itself in the decay of morals. We have rapidly become a pagan nation in which men seek solutions from the very institutions which have created the chaos in the financial and moral mores of all. Nothing short of a return to the whole counsel of the Law-Word of God and to King Jesus will save any individual, family, church, local community, state, or nation. This must happen at the lowest level in society and work up through the higher levels of government.
The current government from the top down has virtually eliminated the Constitution and grabbed ever more power. This is a prescription for failure.
From EdSteer'sGold&SilverDaily.com: "Well, the bullion banks set a new low price for gold and silver for this move down again yesterday... and they've already repeated that process in mid-afternoon trading in Hong Kong... with the low of the day in gold [for the moment, that is] set at exactly 2:00 p.m. Hong Kong time. Silver's low came about two hours later. From those lows, both metals are showing signs of life in early London trading... but we all know that the bullion banks are still there... and it's only a matter of time before they make their presence felt... which they did in silver around 9:30 a.m. in London... smacking it down to a new low somewhere below $18.50 spot. This should come as no suprise, as silver is the center of the universe for the bullion banks... and they're trying to cover as much of their groteque short position as they can... especially JPMorgan."
From TownHall.com:
Immigration and Liberty Walter E. Williams
My sentiments on immigration are expressed by the welcoming words of poet Emma Lazarus' that grace the base of our Statue of Liberty: "Give me your tired, your poor, your huddled masses yearning to breathe free." Those sentiments are probably shared by most Americans and for sure by my libertarian fellow travelers, but their vision of immigration has some blind spots. This has become painfully obvious in the wake Arizona's law that cracks down on illegal immigration. Let's look at the immigration issue step by step.
There are close to 7 billion people on our planet. I'd like to know how the libertarians answer this question: Does each individual on the planet have a natural or God-given right to live in the U.S.? Unless one wishes to obfuscate, I believe that a yes or no can be given to that question just as a yes or no answer can be given to the question whether Williams has a right to live in the U.S. Read it HERE.
From TownHall.com:
In America, we're supposed to be innocent until proven guilty. Life, liberty and property can't be taken from you unless you're convicted of a crime.
Your life and liberty may still be safe, but have you ever gone to a government surplus auction? Consumer reporters like me tell people, correctly, that they are great places to find bargains. People can buy bikes for $10, cars for $500.
But where did the government get that stuff?
Some is abandoned property.
But some I would just call loot. The cops grabbed it. Read it HERE.
From PersonalLiberty.com:
Supreme Injustice
By John Meyers
“Presidents come and go, but the Supreme Court goes on forever.” President William Howard Taft
President Barack Obama is covering all the bases when it comes to forming his Supreme Court, an institution which will leave his stamp on America long after he has left office.
Gay rights activists are quick to laud the President’s latest pick for the high court, Solicitor General Elena Kagan. The nomination of Kagan comes one year after Obama’s first selection for the court, Sonia Maria Sotomayor. Latinos loudly applauded that nomination. Gays are downright giddy over Obama’s decision to replace John Paul Stevens with Kagan. Read it HERE.
From Finance.Yahoo.com:
Central Fund Closes U.S. $375,705,000 Class a Share Issue
TORONTO, ONTARIO--(Marketwire - 05/18/10) - Central Fund of Canada Limited ("Central Fund") (TSX: CEF.(TSX:CEF.U) (AMEX:CEF) of Calgary, Alberta is pleased to announce that it has completed the sale of 25,300,000 Class A Shares of Central Fund at a price of U.S.$14.85 per Class A Share to a syndicate of underwriters (the "Underwriters") led by CIBC, raising total gross proceeds of U.S.$375,705,000. The Class A Shares offered were primarily sold to investors in Canada and in the United States under the Multijurisdictional Disclosure System.
The underwritten price of U.S. $14.85 per Class A Share was non-dilutive and accretive for the existing Shareholders of Central Fund. Substantially all of the net proceeds of the offering have been invested in gold and silver bullion in international banker bar denominations, in keeping with the asset allocation requirements in the constating documents of Central Fund and the policies established by the Board of Directors of Central Fund, with the balance of the net proceeds reserved for working capital purposes. The additional capital raised by this underwriting is expected to assist in reducing the annual expense ratio in favour of the Shareholders of Central Fund. Read it HERE.
From Business.ae:
Gold sales for Indian festival rise 11 per cent
More than 720kg of gold, worth $30 million (Dh110m), changed hands at key gold retailers across the Gulf on the Indian festival Akshaya Tritiya on May 16, according to the World Gold Council.Volumes have increased 11 per cent compared to the same Akshaya Tritiya in 2009. Excluding the increase in gold price, the revenues witnessed an increase of 12 per cent compared to last year's festival. Read it HERE.
From Bloomberg.com:
Swaps Soar on Germany’s ‘Act of Desperation’: Credit Markets
May 19 (Bloomberg) -- Credit-default swaps soared as German Chancellor Angela Merket's curb on using the contracts to speculate on European sovereign debt sparked concern among investors about increasing government regulation. Read it HERE.From MatterhornAssetManagement.com:
ALEA IACTA EST
by Egon von Greyerz
Yes this is it! We have crossed the Rubicon and events in the world economy are now likely to unfold in a totally uncontrollable fashion. Clueless governments still don’t understand that it is their ruinous actions that have created a credit infested and bankrupt world. They will continue to prescribe the same remedy that caused the problem in the first place, namely more credit and more printed money. The consequences are clear; we will have hyperinflation, economic and human misery as well as social unrest. Read it HERE.
Miners from Scottrade.com:
Currencies from Kitco.com:
For my own portfolio, I am into precious metals, miners, and cash.
Best to each, Doug
posted by Doug @ 7:55 AM
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