Welfare Systems beget more government & more dependents - Gold - Silver - Miners - Currencies - What has happened to America of old?
Chuck Butler of The Daily Pfennig again mentions today that the Chinese did not show up for the 30 Year Treasury Auctions. That is scary. I think they are moving away from the dollar as fast as possible. Others will follow suit, too.
Then who will finance our debt & spending. Wait, maybe that is a good thing, without the ability to borrow, the only alternative is QE III in the form of creating ever more new dollars out of thin air. Then we will be pushed into inflation if in fact the dollars fall into consumer hands. See Judge Judy, below. This reveals the mentality of many welfare dependents we have created through our socialistic welfare system which, of course, is not Constitutional. But then, who in government really is interested in heeding the Constitution?
Here is Judge Judy:
This is an interesting commentary on the people we are supporting with our give away programs. Of course, not all are this way, but I wager that many are. Check out this you tube HERE.
I would advise you not to listen to all of it, but you will have meat very early from Judge Judy. At one point she says words to the effect that this is what we are supporting. The welfare something for nothing mentality creates ever more recipients. Thus we have 3rd to 5th generation of welfare people who know no other way of life and certainly will not earn a living.
Mine Web:
Gold miner minting its own gold and silver coins - looking to pay dividends in kind!
Maverick U.S. based gold miner, Gold Resource Corporation, with operations in Mexico, has announced it is minting its own gold and silver coins and holding part of its treasury in precious metals. HERE.
Hormone deficiency in Euro boosts gold yet again
Julian Phillips' Daily Gold and silver Market Report sees further Eurozone indecisiveness triggering further advances in the gold price and a hint that silver may be beginning, at last, to move up too. HERE.
Gold prices to average $1,600 in Q4 as investor demand slips - Westmore
Gold is curerntly pricing in a good probability of a further global recession but, if this doesn't happen then demand by investors is likely to be pared in the second half of the year says National Australia Bank's Ben Westmore. Today's Pod Cast is HERE.
Town Hall:
Thomas Sowell
Social Degeneration Part 2
Although much of the media have their antennae out to pick up anything that might be construed as racism against blacks, they resolutely ignore even the most blatant racism by blacks against others.
That includes a pattern of violent attacks on whites in public places in Chicago, Denver, New York, Milwaukee, Philadelphia, Los Angeles and Kansas City, as well as blacks in schools beating up Asian classmates -- for years -- in New York and Philadelphia. HERE.
Walter E. Williams
Ominous Parallels 8/17/2011
People are beginning to compare Barack Obama's administration to the failed administration of Jimmy Carter, but a better comparison is to the Roosevelt administration of the 1930s and '40s. Let's look at it with the help of a publication from the Mackinac Center for Public Policy and the Foundation for Economic Education titled "Great Myths of the Great Depression," by Dr. Lawrence Reed.
During the first year of President Franklin D. Roosevelt's New Deal, he called for increasing federal spending to $10 billion while revenues were only $3 billion. Between 1933 and 1936, government expenditures rose by more than 83 percent. Federal debt skyrocketed by 73 percent. Roosevelt signed off on legislation that raised the top income tax rate to 79 percent and then later to 90 percent. Hillsdale College economics historian and professor Burt Folsom, author of "New Deal or Raw Deal?", notes that in 1941, Roosevelt even proposed a 99.5 percent marginal tax rate on all incomes more than $100,000. When a top adviser questioned the idea, Roosevelt replied, "Why not?" HERE.
Phyllis Schlafly
Oh, How America Has ChangedUSA Today published one of its colorful front pages last week detailing how America has not only grown dramatically in population over the last two decades, but has radically changed ethnically, geographically and culturally. The most costly of the many changes is the fact that having children has become increasingly detached from marriage.
Illegitimate births for all Americans have risen from 26 percent in 1990 to 41 percent today "and could be headed higher." Among Hispanics, illegitimacy is 53 percent, among blacks it's 73 percent and among whites it has risen to a shocking 29 percent. HERE. This is due to the failure of Christians and Christian churches to fulfill their commission of spreading the word of God. Too many churches are devoted to entertainment and programs to attract more members, but fail to preach the whole council of God. There are too many "New Testament" churches which fail to use the Old Testament Ten Commandments and application thereof as found in the Old Testament. Too many have thrown out Theonomy which simply means God's Law. It is true that we will have God's Law or the chaos of today. Every thing is not beautiful as long as sin is ignored by churches. It must be preached loudly and clearly from Scripture to call people to repentance. We must repent as the people of God and turn back to Him.
Best to each, Doug
Then who will finance our debt & spending. Wait, maybe that is a good thing, without the ability to borrow, the only alternative is QE III in the form of creating ever more new dollars out of thin air. Then we will be pushed into inflation if in fact the dollars fall into consumer hands. See Judge Judy, below. This reveals the mentality of many welfare dependents we have created through our socialistic welfare system which, of course, is not Constitutional. But then, who in government really is interested in heeding the Constitution?
Here is Judge Judy:
This is an interesting commentary on the people we are supporting with our give away programs. Of course, not all are this way, but I wager that many are. Check out this you tube HERE.
I would advise you not to listen to all of it, but you will have meat very early from Judge Judy. At one point she says words to the effect that this is what we are supporting. The welfare something for nothing mentality creates ever more recipients. Thus we have 3rd to 5th generation of welfare people who know no other way of life and certainly will not earn a living.
Mine Web:
Gold miner minting its own gold and silver coins - looking to pay dividends in kind!
Maverick U.S. based gold miner, Gold Resource Corporation, with operations in Mexico, has announced it is minting its own gold and silver coins and holding part of its treasury in precious metals. HERE.
Hormone deficiency in Euro boosts gold yet again
Julian Phillips' Daily Gold and silver Market Report sees further Eurozone indecisiveness triggering further advances in the gold price and a hint that silver may be beginning, at last, to move up too. HERE.
Gold prices to average $1,600 in Q4 as investor demand slips - Westmore
Gold is curerntly pricing in a good probability of a further global recession but, if this doesn't happen then demand by investors is likely to be pared in the second half of the year says National Australia Bank's Ben Westmore. Today's Pod Cast is HERE.
Town Hall:
Thomas Sowell
Social Degeneration Part 2
Although much of the media have their antennae out to pick up anything that might be construed as racism against blacks, they resolutely ignore even the most blatant racism by blacks against others.
That includes a pattern of violent attacks on whites in public places in Chicago, Denver, New York, Milwaukee, Philadelphia, Los Angeles and Kansas City, as well as blacks in schools beating up Asian classmates -- for years -- in New York and Philadelphia. HERE.
Walter E. Williams
Ominous Parallels 8/17/2011
People are beginning to compare Barack Obama's administration to the failed administration of Jimmy Carter, but a better comparison is to the Roosevelt administration of the 1930s and '40s. Let's look at it with the help of a publication from the Mackinac Center for Public Policy and the Foundation for Economic Education titled "Great Myths of the Great Depression," by Dr. Lawrence Reed.
During the first year of President Franklin D. Roosevelt's New Deal, he called for increasing federal spending to $10 billion while revenues were only $3 billion. Between 1933 and 1936, government expenditures rose by more than 83 percent. Federal debt skyrocketed by 73 percent. Roosevelt signed off on legislation that raised the top income tax rate to 79 percent and then later to 90 percent. Hillsdale College economics historian and professor Burt Folsom, author of "New Deal or Raw Deal?", notes that in 1941, Roosevelt even proposed a 99.5 percent marginal tax rate on all incomes more than $100,000. When a top adviser questioned the idea, Roosevelt replied, "Why not?" HERE.
Phyllis Schlafly
Oh, How America Has ChangedUSA Today published one of its colorful front pages last week detailing how America has not only grown dramatically in population over the last two decades, but has radically changed ethnically, geographically and culturally. The most costly of the many changes is the fact that having children has become increasingly detached from marriage.
Illegitimate births for all Americans have risen from 26 percent in 1990 to 41 percent today "and could be headed higher." Among Hispanics, illegitimacy is 53 percent, among blacks it's 73 percent and among whites it has risen to a shocking 29 percent. HERE. This is due to the failure of Christians and Christian churches to fulfill their commission of spreading the word of God. Too many churches are devoted to entertainment and programs to attract more members, but fail to preach the whole council of God. There are too many "New Testament" churches which fail to use the Old Testament Ten Commandments and application thereof as found in the Old Testament. Too many have thrown out Theonomy which simply means God's Law. It is true that we will have God's Law or the chaos of today. Every thing is not beautiful as long as sin is ignored by churches. It must be preached loudly and clearly from Scripture to call people to repentance. We must repent as the people of God and turn back to Him.
Miners from Scottrade: I am interested in more HMY at these prices.
Currencies from Kit Co:
Some Prices: DOW up 36.59 to 11442.71; S&P up 5.26 to 1198.02; NASDAQ off 6.51 to 2516.81; Gold off 4.40 to 1782.70; Silver up 0.09 to 40.00.
posted by Doug @ 10:47 AM
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