Obama supported company gets U.S. Loan and builds cars…. In Finland

This ought to be a lesson to every last Democrat who voted for Obama and Biden.

The Video:

The Story:

With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.

Vice President Joseph Biden heralded the Energy Department’s $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.

“There was no contract manufacturer in the U.S. that could actually produce our vehicle,” the car company’s founder and namesake told ABC News. “They don’t exist here.”

Henrik Fisker said the U.S. money so far has been spent on engineering and design work that stayed in the U.S., not on the 500 manufacturing jobs that went to a rural Finnish firm, Valmet Automotive.

“We’re not in the business of failing; we’re in the business of winning. So we make the right decision for the business,” Fisker said. “That’s why we went to Finland.”

via Car Company Gets U.S. Loan, Builds Cars In Finland – ABC News.

Here is the real-world translation to that last line in that story; we did not want to have to deal with the labor unions in this United States, so we moved our manufacturing overseas.

Take note my Democratic Party friends who happen to read this blog, all two of you.  This is what happens to the Democrats and their union counterparts, when they elect internationalist Democrats, who really do not give a care about what happens to American workers.  Internationalist Democrats and their Republican counterparts, the globalists — like Richard Nixon, who do not care about American workers, they are corporatists, who support crony capitalism.

This right here is a perfect example of why the relations between the Democratic Party and the labor unions are frosty at best.  That is because the Democratic Party for the last few instances that they have won elections, have been putting internationalist Democrats into the White House.  This type of a Democrat talks a nice game, and puts out platitudes to the American autoworkers and their representatives in the unions; but when the “Rubber hits the road” so to speak, things change.  They begin showing their true colors and start doing things to kick dirt in the face of the American worker.

I do not write this as a Conservative mocking the left, goodness no.  I write this as someone who has a father, who is a retired General Motors worker, who is a member of the UAW.  If anyone would know how the Democratic Party has treated the American autoworker in the last 30 years, it would be me.  There was a time in this Country, when the Democratic Party used to respect the American autoworker and would literally step in front a train to defend them.  Sadly, that time has passed, as the unions have lost their influence amongst the Democratic Party.

The loss of that influence in the Democratic Party is partially due to the actions of the internationalist Democrats, like Bill Clinton, who signed into law NAFTA and TAFTA.  Some of that loss of influence is also due to the declining membership roles within the UAW and other said unions.  Either way, it is sad transition in America, when our politicians in Washington D.C. put interests abroad before interests here at home.

Some of my readers, all three of you, might be shocked to see that I do not take a more mocking tone on stories like this and here is why I do not; Pat Buchanan said it best once, on one issue that I actually agree with him on — the American worker.  Pat once said, “As goes Detroit, goes the Nation,” and you know what?  Pat Buchanan is right about that, the United States of America used to be a manufacturing marvel.  We produced everything ourselves, and other Countries used to come here to see how we did it all.  Sadly, those times have come and gone, due to many reasons, a list of which is longer than the length of this blog entry will permit.

What is solution you ask, I know what it is; but most of the people who will come here to read, will not agree with it.  However, I will give the solution.  Firstly, the solution is NOT to bust up the unions, as they have as much right to proper representation, as the company owners have a right to make a profit.  The solution to the problem is to get rid of these idiotic so-called “Free Trade” agreements.  Secondly, the solution is to impose strict tariffs on EVERYTHING and I do mean everything that is manufactured overseas and imported into our Country.

These actions would do a couple of things; firstly it would protect the American workers from the globalists who want to undercut the American worker to make a quick dollar on the backs of cheap sweatshop labor in foreign countries like China.  Secondly, it would solve our Nation’s revenue problem by creating a reliable source of income; one of which we did have in this Country for a very long time, before the globalists ripped it out, in favor of trade agreements.

Further, the solution is in whom we elect; Republicans and Democrats alike need to elect those who put America’s interests first, and not the interests who those abroad.  To be fair, Republicans have done this too in this past and we as Americans need to watch what these new crop of Republicans really represent; do they represent the interests of the crony capitalists or do they have the American people’s interests in mind?  Supposedly, the Tea Party movement brought some of this “America First” type of populism to the Conservative movement, but as of late, it seems that the Tea Party was nothing more than a passing fad.  I just hope the people, who went to these protests, use the principles that were promoted at the Tea Party rallies, at the ballot box come November 2012.

Others: Michelle Malkin, New York Times, New York Magazine, The Heritage Foundation, Questions and Observations, Fantastical Andrew Fox, RedState, The Strata-Sphere, Hot Air, Sky Dancing, Conservatives4Palin, americanthinker.com, Big Government, Weasel Zippers, Fire Andrea Mitchell!, JammieWearingFool and Betsy’s Page

Sponsored Posting: It’s All the Same Market in a Deflationary Environment

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September 26, 2011

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Welcome to my World: 6 Million people age 25-34 live with parents, up 25%

I’m 39 and I still live at home and yes, it sucks. You know, I’ve been called a leech, a shit stain and alot of other names. But honestly? Is it my fault? No, it’s the economy around here and leaders in Washington D.C. that have screwed the Country into the ground.

I saw this via Drudge:

WASHINGTON — Call it the recession’s lost generation.

In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest unemployment since World War II and risk living in poverty more than others — nearly 1 in 5.

New 2010 census data released Thursday show the wrenching impact of a recession that officially ended in mid-2009. It highlights the missed opportunities and dim prospects for a generation of mostly 20-somethings and 30-somethings coming of age in a prolonged slump with high unemployment.

“We have a monster jobs problem, and young people are the biggest losers,” said Andrew Sum, an economist and director of the Center for Labor Market Studies at Northeastern University. He noted that for recent college grads now getting by with waitressing, bartending and odd jobs, they will have to compete with new graduates for entry-level career positions when the job market eventually does improve.

“Their really high levels of underemployment and unemployment will haunt young people for at least another decade,” Sum said.

via Recession yields a lost generation of workers – Business – Stocks & economy – msnbc.com.

Honestly though, my folks do not mind me living here; they like the help and I am an only child; so, there is not another brother or anything, who can help. So, I live here, until this economy recovers. Another thing too, in 2004, I filed for bankruptcy and I did start over. I made the stupid mistake of getting into a lot of debt, when I was younger with a credit card. Needless to say, I learned my lesson there. I have a debit card now, and if I zap that back account, I am screwed. So, I have the motivation to not screw that up!

On a related note, on the economy; the man who came to fix our A/C here, told me that he is lucky if he gets like 25 hours a week with the company he is with. Now keep in mind, this is not a trainee or anything that, this dude was certified in A/C and Heating. He has the license and everything; and he is not even getting 40 hours a week of work. That, my friends, is how screwed up our economy truly is. 🙁

Those who have a job are lucky to get enough money to put food on the table, and those of us, who cannot find a job are basically left out in the cold. This is why I have such a big problem with all this union protectionism crap that the left is touting. I respect the Unions at all and what they fought for, many years ago. But, we are living in a different would and the prosperity of that era; which the unions took advantage of, is gone for good.

So, that is why, when I see stuff like this here; my heart breaks, because it is not the wealthy people who are going to suffer. It is going to be the working class people and the poor; who are going to suffer the most. The thing to remember is this; it all trickles down, sooner or later. The wealthy lose, the jobs dry up and people suffer. The bad part is, Government cannot fix it. it has to fix itself. The sad part is, it usually takes a LONG time for it to fix itself.

This, is the folly of Progressivism; the belief that Government can fix something that it did not break, in the first place.

 

Some sound investment advice

Evaporation of Wealth on a Vast Scale
How $1-million can disappear
September 19, 2011

By Elliott Wave International

The bursting of the “debt bubble” which started in 2008 is far from over.

It’s the financial story of our age and it’s happening before our eyes. The full scope is hard to keep up with because it’s unfolding at various levels.

The top level is the sovereign debt crisis:

  • National governments: Several in Europe and even the U.S.

 

  • State and local governments: services slashed; vendors waiting to get paid.

 

  • Corporations: financial institutions at home and abroad remain in questionable health. PIMCO Chief tells Bloomberg (9/13) “We’re getting close to a full-blown banking crisis in Europe.” And CNBC reports (9/14) “Moody’s Investors Service said…it downgraded the credit ratings of Societe Generale and Credit Agricole.”

 

  • Individual Households: “under-water” mortgages; “new conservatism” toward spending.

As the credit bubble continues to deflate, the evaporation of vast wealth may follow on a historic scale. Please read this excerpt from the second edition of Conquer the Crash (pp. 94-95):

“…a lender starts with a million dollars and the borrower starts with zero. Upon extending the loan, the borrower possesses the million dollars, yet the lender feels that he still owns the million dollars that he lent out. If anyone asks the lender what he is worth, he says, ‘a million dollars,’ and shows the note to prove it. Because of this conviction, there is, in the minds of the debtor and the creditor combined, two million dollars worth of value where before there was only one. When the lender calls in the debt and the borrower pays it, he gets back his million dollars. If the borrower can’t pay it, the value of the note goes to zero. Either way, the extra value disappears…

“The dynamics of value expansion and contraction explain why a bear market can bankrupt millions of people. At the peak of a credit expansion or a bull market, assets have been valued upward, and all participants are wealthy — both the people who sold the assets and the people who hold the assets. The latter group is far larger than the former, because the total supply of money has been relatively stable while the total value of financial assets has ballooned. When the market turns down, the dynamic goes into reverse. Only a very few owners of a collapsing financial asset trade it for money at 90 percent of peak value. Some others may get out at 80 percent, 50 percent or 30 percent of peak value. In each case, sellers are simply transforming the remaining future value losses to someone else. In a bear market, the vast, vast majority does nothing and gets stuck holding assets with low or non-existent valuations. The ‘million dollars’ that a wealthy investor might have thought he had in his bond portfolio or at a stock’s peak value can quite rapidly become $50,000 or $5000 or $50. The rest of it just disappears. You see, he never really had a million dollars; all he had was IOUs or stock certificates. The idea that it had a certain financial value was in his head and the heads of others who agreed. When the point of agreement changed, so did the value. Poof! Gone in a flash of aggregated neurons. This is exactly what happens to most investment assets in a period of deflation.”

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Great: The United States is now borrowing more than the GDP

This is unreal… 🙄

US debt shot up $238 billion to reach 100 percent of gross domestic project after the government’s debt ceiling was lifted, Treasury figures showed Wednesday.

Treasury borrowing jumped Tuesday, the data showed, immediately after President Barack Obama signed into law an increase in the debt ceiling as the country’s spending commitments reached a breaking point and it threatened to default on its debt.

The new borrowing took total public debt to $14.58 trillion, over end-2010 GDP of $14.53 trillion, and putting it in a league with highly indebted countries like Italy and Belgium.

Public debt subject to the official debt limit — a slightly tighter definition — was $14.53 trillion as of the end of Tuesday, rising from the previous official cap of $14.29 trillion a day earlier.

Treasury had used extraordinary measures to hold under the $14.29 trillion cap since reaching it on May 16, while politicians battled over it and over addressing the country’s bloating deficit.

The official limit was hiked $400 billion on Tuesday and will be increased in stages over the next 18 months.

via US borrowing tops 100% of GDP: Treasury – Yahoo! News.

Chew on that one for a few seconds or longer. The USA is borrowing more money from China, that the United States makes as a whole. For the reading up on the GDP, click here. I also recommend that you read up on the Gross National Product and Gross Domestic Income. All of that above, factors into our economy; and believe me when I tell you — we are circling the drain my friends.

There is a bunch more on this subject; and for what it is worth, I do not claim to be an expert on this stuff at all — So, I recommend you read following related articles:

U.S. debt shoots up $239 billion -- in one day!
Gov't will borrow $72B next week...
Obama, Bernanke out of ammo to boost jobs, growth...
Scary Market Chart Pattern Suggests More Selling on Way...
Economy struggles to find footing...
Gold at $2,000 by year-end...

Speaking of Gold, this would be a good time to get into investing in Gold, It would also be good to stock up on  Guns and Ammo!

What I will tell you is; because I am an honest blogger and not some partisan shill for a particular party – is this here.  Many on the right wing Blogosphere will be quick to put this entire situation on President Obama.  I cannot and will not do that; the truth is folks, we did have and still do have two wars that we are fighting; and those cost money too.  We also did have the bailout of the banks and tarp bailouts, the trap loans to the big three, being a fraction of the total cost.

Truth is my friends; we are here because of foolishness of our elected leaders — Republican and Democratic Party.  Both sides have steered this Nation over a cliff.  President Obama tried and ultimately failed to bring an economic revival to the Country.  Now we have to pay the proverbial piper.  It is going to be a painful process; the tap is turned off and we are now going to have embrace austerity.

It is a horrible thing to endure, but it is something that we are going to have to endure — if we are going to continue as a Country, as we know it now.

Update: This is now a Memeorandum Thread: Others covering: Washington Times, Scared Monkeys, Conservatives4Palin, Pajamas Media, Weasel Zippers, Fausta’s Blog, Power Line and The Lonely Conservative

In case you thought I was kidding about buying Gold

Here we go!

Remember when I said to buy Gold?

I was not kidding.

Check this out from the U.K. Telegraph:


As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time high of $1,594 an ounce in London, lifting silver to $39 in its train.

On one side of the Atlantic, the eurozone debt crisis has spread to the countries that may be too big to save – Spain and Italy – though RBS thinks a €3.5 trillion rescue fund would ensure survival of Europe’s currency union.

On the other side, the recovery has sputtered out and the printing presses are being oiled again. Brinkmanship between the Congress and the White House over the US debt ceiling has compelled Moody’s to warn of a “very small but rising risk” that the world’s paramount power may default within two weeks. “The unthinkable is now thinkable,” said Ross Norman, director of thebulliondesk.com.

Fed chair Ben Bernanke confessed to Congress that growth has failed to gain traction. “Deflationary risks might re-emerge, implying a need for additional policy support,” he said.

The bar to QE3 – yet more bond purchases – is even lower than markets had thought. The new intake of hard-money men on the voting committee has not shifted Fed thinking, despite global anger at dollar debasement under QE2.

•snip•

“One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000 and silver at $1,000. I feel terribly sorry for anybody on fixed incomes tied to a fiat currency because they are not going to be able to buy things with that paper money.”

•snip•

Step by step, the world is edging towards a revived Gold Standard as it becomes clearer that Japan and the West have reached debt saturation. World Bank chief Robert Zoellick said it was time to “consider employing gold as an international reference point.” The Swiss parliament is to hold hearings on a parallel “Gold Franc”. Utah has recognised gold as legal tender for tax payments.

A new Gold Standard would probably be based on a variant of the ‘Bancor’ proposed by Keynes in the late 1940s. This was a basket of 30 commodities intended to be less deflationary than pure gold, which had compounded in the Great Depression. The idea was revived by China’s central bank chief Zhou Xiaochuan two years ago as a way of curbing the “credit-based” excess.

Mr Bernanke himself was grilled by Congress this week on the role of gold. Why do people by gold? “As protection against of what we call tail risks: really, really bad outcomes,” he replied.

Indeed.

 

My friends, if this is not the time to buy gold; I really do not know what is.

Click this link to find out how to get into gold today

A Reminder: Go Gold

Just a follow up to yesterday’s posting; it would seem that this would be a good time to invest in gold, even if you cannot afford the expensive stuff, a small investment in the cheaper stuff would be smart.

As you know I am an affiliate for GoldSilver.com  and they offer some great coins and bullion for those who wish to invest in that sort of the thing.

GoldSilver.com offers

You can also check out their Silver Products Here

Want more proof? Check out this video from Russian TV:

I think it is time to invest in Gold. I mean, when the fed chairman says he does not believe that Gold is money; something is horribly wrong.

Jobs report bleak, Democrats still clueless as ever

Now I see why Rick Santelli is ranting and raving!

First of all, here is the lovely report via the NYT:

For the second month in a row, employers added a dismally small number of jobs, showing that the United States economy is barely creaking along despite being two years into the official recovery.

With all levels of government laying off workers, the Labor Department reported that employers eked out just 18,000 new nonfarm payroll jobs in June. The already low number of jobs created in May was also revised downward to just 25,000, less than half what was originally reported last month.

Even as the government’s survey of employers showed that they were adding an anemic number of jobs, a survey of households showed that more people were out of work, causing the unemployment rate to rise to 9.2 percent.

Economists were stunned since they had been expecting June to show stronger job creation as oil prices eased and supply disruptions receded in the aftermath of the Japanese tsunami and earthquake. Instead, the government’s monthly snapshot of the labor market showed that several sectors, including construction, finance and temporary services, actually shed workers. At the same time, leading indicators like wages and the length of the average workweek, which tend to grow before employers begin adding more jobs, actually contracted.

“Even the wild-eyed optimists out there have nothing to grasp onto in this report except to say, ‘Ah, this too shall pass,’ ” said Joshua Shapiro, chief United States economist at MFR Inc.

Meanwhile the stupidity continues on the left. A perfect example is found over at The Hill:

President Obama’s senior political adviser David Plouffe said Wednesday that people won’t vote in 2012 based on the unemployment rate.

Plouffe should probably hope that’s the case, since dismal job figures aren’t expected to get any better for Obama and the economy on Friday.

Most economists expect a report from the Bureau of Labor Statistics to show that the nation added about 100,000 jobs in June. That’s not enough to keep up with population growth, let alone lower the unemployment rate or make a dent in the 9 million jobs lost during the so called Great Recession.

[UPDATED: The jobs report released on Friday showed the economy added only 18,000 jobs, much less than anticipated. The unemployment rate creeped up to 9.2 percent.]

It’s looking more and more like Obama will have to do something no president has done since Franklin Roosevelt: Win reelection with unemployment around 8 percent.

I have a sinking feeling that Plouffe is making a seriously stupid miscalculation ; and one that the Republican Party is going to take full advantage of, come November 2012.

The stupidity continues over at the NYT, again with the stupidest Economist ever to be allowed to write for a paper:

Ugh. That was a seriously ugly jobs report. Almost no job creation, with slow private-sector growth offset by falling public-sector employment; a falling employment-population ratio; and (I don’t know how many people have picked this up), an actual decline in wages, albeit a small one.

Let me emphasize that last point. My bottom line on the inflation-deflation issue has always been to look at wages; you can’t have a wage-price spiral if wages ain’t spiraling. And they aren’t, to say the least.

It’s important to realize, by the way, that stagnant wages are NOT good for recovery; all they do is ensure that the burden of debt relative to income remains high, keeping demand and employment down.

The situation cries out for aggressively expansionary monetary and fiscal policy. Instead, however, all the political push is in the opposite direction.

The underlined part and the part above it; is where the stupidity really kicks in here. That stupidity above, is why this damned Nation is in the place that it is now. Because of stupid people like Krugman. These idiots, in a sane World, would be tossed out of this Country for causing one of the most horrible economic collapses in this Nation, since the great depression, which caused many Americans; Conservative and Liberal, to lose money that they rightly earned or invested in and profited from.

This is not to say that the Republican was not to blame; they too stood by and did nothing and for that they paid a price during the 2006 and 2008 election cycles. However, America was not fooled the Democrats proceeded to make some of, if not more, of the same mistakes that the Republican Party made, while in power. For this, they paid in 2010 and will pay again in 2012.

Further more, it was the DEMOCRATS, not the Republicans, who sought to game the housing market, with the Community Reinvestment act of 1973. Of which the Democrats added the sub-prime cause, which caused the Housing Market to become unstable; which essentially caused the markets to collapse. Yes, regulation was ripped out; but it was the adding of the sub-prime clause that caused the major problems that set the housing market up for a horrible downfall. I know, I watched it all happen here, in real-time, while blogging it all.

In fairness, I will say this; because I am not an overly partisan blogger. It also was the Neo-Conservatives, with their one war, that was totally unjustified in their idiotic visions of a Democratic middle east and the quagmire that it created, not to mention the millions spent and the lives lost; that also created this mess as well. If we would have fought the Afghanistan properly and not like we did Iraq; the war would have been much shorter and would have cost us much less money.

Others: The Atlantic Online, Hot Air, Washington Monthly, Firedoglake, The Huffington Post, Washington Post, The Nation, Calculated Risk, New Deal 2.0, Booman Tribune, Freakonomics, Economix, Free exchange, Speaker, AmSpecBlog, JustOneMinute, Oliver Willis, Gothamist, Hugh Hewitt’s TownHall Blog, Economist’s View, Shakesville, Lynn Sweet, ThinkProgress, Daily Kos, Truthdig, Emptywheel, AMERICAblog News, Lawyers, Guns & Money, FrumForumThe Huffington Post, The Note, The Hill, And So it Goes in Shreveport, AMERICAblog News, Hot Air, Taylor Marsh, Pajamas Media, Scared Monkeys, Outside the Beltway, NetRight Daily, The Western Experience, GOP 12, Le·gal In·sur·rec· tion, National Review, The Lonely Conservative, americanthinker.com, msnbc.com and FrumForum and more via Memeorandum

Video: This is why I like Rick Santelli

No, he is not crazy……Just slightly animated.

(via Mediate)

Republicans say “No Mas!” to debt ceiling talks

Looks like the Republicans have had enough.

This comes via ABC’s The Note:

Senate Minority Whip Jon Kyl, R-Ariz., will also drop out of the debt talks, a source within his office confirms today. The Arizona Republican’s office will issue a formal statement shortly.

After House Majority Leader Eric Cantor (R-VA) dropped out of the talks this morning, Senator Kyl was the lone Republican in the group left. And with his withdrawal late this morning, the group does not have a Republican negotiator left in the room.

The group was set to meet for the 11th time this afternoon with Vice President Biden, their third meeting of the week.

The group started as six – but is now down to four members from Congress. The remaining members are: Senate Finance Committee Chairman Max Baucus (D-Mont.), Senate Appropriations Chairman Daniel Inouye (D-Hawaii), Assistant House Minority Leader James Clyburn (D-S.C.), and House Budget Committee ranking member Chris Van Hollen (D-Md.).

This is nothing more, than the Republicans finally growing a pair and telling the Democrats, “you made this bed; now lay in it!!”

What I find amusing is this idiot spin by the Democrats:

UPDATE 12:00 p.m. – A Senior Democratic aide says, “Cantor and Kyl just threw Boehner and McConnell under the bus. This move is an admission that there will be a need for revenues and Cantor and Kyl don’t want to be the ones to make that deal.”

More liberal spin and bullcrap. The Republicans; unlike liberals, know that raising taxes on the Nation’s top earners is NOT a smart way to create jobs and generate revenue for the Country. The way to do this properly is to lower taxes for the top earners and remove regulation for the aspiring entrepreneur, who wants to follow the American dream and be his own boss.

But, no, the Democrats want to TAX the crap out of EVERYONE; not just the top earners, but everyone, to pay for their ill-conceived and hair-brained plans like so-called “economic stimulus” that did not work at all. This is why the Republicans walked out on these talks.

Allahpundit over at HotAir.com snarks:

Note to self: Buy gold.

…….and seeing that the Republicans and Democrats are not willing to come together to fix this problem. That is most likely not a very bad idea……

Updated: Gold headed to 5K an ounce? Video added

This is where I start sound like Ron Paul. (oh dear…)

This report via CNBC even raised my eyebrows a bit:

An exhaustive report by Standard Chartered predicts that gold [ GCCV1 1524.40 +8.80 (+0.58%) ] will more than triple to $5,000 an ounce because of a lack of supply, not just because of a surge in demand that most bullion bugs cite in their bullish calls.

“There are very few large gold mines set to commence operation in the next five years,” said Standard’s analyst Yan Chen in a report Monday. “The limited new supply comes at a time when central banks have turned from being net sellers to significant net buyers of gold. The result, in our view, will be a gold market in deficit, even assuming flat growth in demand. With the supply-demand balance so out of kilter, we see the gold price potentially going to US$5,000/oz.”

The London-based firm is among the first to focus on the supply-side of the gold equation amid the many bullish forecasts out there on the metal. After analyzing 345 gold mines and 30 copper/base metal gold mines around the globe, the team estimates annual gold production will be just 3.6 percent over the next five years.

“They make a pretty compelling argument, especially when it comes to mine supply,” said Brian Kelly, head of Brian Kelly Capital and a ‘Fast Money’ trader. “Most analysis focuses on demand from China and India, which of course can disappear as quickly as it materialized.”

In some respects, this could be a good thing for those already invested; and in some ways this can be a bad thing. Because of there is a massive rush to buy, because of a blow up in the money supply; this could spell trouble for last minute buyers.

My suggestion to everyone who reads here, is to invest now to avoid the rush. Please, check out the links on the right, top sidebar on this blog. You mobile users will have to go your laptops to do that; or if there is a gold ad at the top, on your mobile device, click to take advantage of that offer.

Being smart, and buying early; can save much headaches later.

Update: This video here will give you some good reasoning as to why investing with Gold is such a good idea.

Video: Voices from the Gulf

This video comes via HotAir.com

I want to share this video, but first a few thoughts of my own…

Over the course of my blogger career here, I have written repeatedly about the Internationalist Democrats, who have sold the American Worker up the river on more than one occasion.  President Bill Clinton did it, with the signing of the NAFTA and TAFTA agreements and now President Barack Obama is doing it with exporting oil from Brazil.  The problem is, Obama wants to fight against the American oil companies and their monopoly on the prices of gas.  In the process of this, he is tossing under the bus, the most important part of his own base —- The American Worker.

Honestly, If President Obama wants to do something to lower gas prices, then maybe he should put pressure on the OPEC cartel and start demanding that they lower prices of oil, further more; President Obama should start going after the oil speculators, who drive up the cost of oil.  Again, it is another example of how Internationalist Democrats fight battles, exactly backwards of how they should be fought.  This video proves that.

To my Democratic Party friends — this is whom you elected in 2008.

Enjoy the Video:


 

David Morgan and Chris Vermeulen talk about Metals Trading

I do these posts here to help with the financial situation around here, or in my case; a lack of it. As it does say, up in that top left hand corner box on here; I have no had a “real job” since 2005.  So, if you would please click on the links and sign up for the newsletters. I get a nice referral fee, if you do. This is for those who do not like or do not trust Paypal. Every little bit helps! So, if you want to help a unemployed “right of center” type of guy, who has a blog, this is the time to do it. Thanks so much!

-Pat

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The Audio:

[podcast]http://www.netcastdaily.com/broadcast/fsn2011-0520-1.mp3[/podcast]

More info Here

You can also see Chris Vermeulen’s last forecast, where he nailed the prediction on what Silver would do in the markets.

 

Is Gold in a bubble? Perhaps Not

Sounds like a good endorsement to me!: (H/T HotAir)

Gold is in a bubble. Anyone will tell you that. They’ve been saying it since gold was about, oh, $500 an ounce.

But it’s a funny kind of a bubble. It’s the only one I’ve encountered where so few people seem to own the asset in question.

During the dot-com bubble, you met lots of people with tech stocks. Taxi drivers told you what dot-coms they owned.

During the housing bubble you met normal, ordinary people who were trading up to expensive homes using adjustable-rate mortgages, buying new condos off plan to flip, and cashing out their fictional “equity” through a refinance mortgage.

But who actually owns gold? I keep hearing about the gold bubble, but every time I ask people if they own any themselves, they say, “no, no, of course not, it’s a bubble.”

Some bubble.

Now take a look at our chart.

It’s an updated version of one I ran nearly a year ago, when gold was $1,176 an ounce.

It compares the bull market in gold with the last two undisputed “bubbles,” namely tech stocks and housing. It shows the gold price since 2001, the Nasdaq Composite COMP (^IXIC – News) from 1989 to 2001, and Standard & Poor’s index of Homebuilding stocks from 1995 to 2007.

The picture is pretty remarkable.

If gold is a “bubble,” it doesn’t look like it’s peaked yet. Indeed it looks like it might be just about to enter its big, blow-off phase.

via gold-bubble-marketwatch: Personal Finance News from Yahoo! Finance.

Numbers and Charts do not lie.

Director Blue writes:

Gold is a quirky investment, to be sure, and I’m about the last person to advise anyone on anything when it comes to financial matters.

But one thing is certain: the administration’s policy of “Quantitative Easing” (or, as I like to call it, “Quantitative Bankrupting of America’s Future”) has unleashed the Treasury’s printing press like nothing ever seen in world history.

Trillions in cash has materialized from thin air as the Treasury Department issues IOUs and the Federal Reserve purchases them on the open market. Which, by the way, enriches Goldman Sachs (and other so-called “primary dealers”) with tens of millions of dollars in needless commissions each month.

Until the money-printing stops, until the deficit spending is brought under control, and until the dollar is rescued from the most radical administration in American history, I would hold some precious metals like gold.

It’s a hedge against governmental stupidity — and heaven knows we need it now more than ever.

I got two words; Invest Now.

As you all know, I advertise for a small compensation, if you buy something, from GoldSilver.com; here are the products that are offered:

  1. American Gold Eagles 1 oz
  2. American Gold Eagle 1/2 oz
  3. American Gold Eagle 1/4 oz
  4. American Gold Eagle 1/10 oz
  5. American Gold Buffalo
  6. Canadian Gold Maple Leaf 1 oz
  7. Gold Austrian Philharmonic
  8. Gold Austrian Philharmonic
  9. 1 oz Gold Bar
  10. Johnson Matthey Ten Ounce Gold Bar
  11. Credit Suisse 10 Oz Gold Bar
  12. 1 Kilo Johnson Matthey Gold Bar
  13. 400 oz Gold Bar

….and also, check out GoldSilver.com‘s Silver products as well. Silver is an emerging alternative to the high priced gold investments.  Either it is, as Doug ross very well put it; a hedge against Governmental stupidity and we all need protection from that. 😀

Some related videos to watch:

Can the government take your savings? from Rich Dad on Vimeo.

I’ve learned more about Economics, Investing and the stock market; than I ever intended to, after the big stock market crash in 2008. It was as if the stock market, politics and Government were involved in a multi-car pile up and we bloggers were left to sift though the wreckage. It was a mess, to say the least! many people lost money and the best the political people could do was point fingers at one another. Having said all of that, I highly recommend that you check out GoldSilver.com, it is the place to buy REAL gold!

Could the DOW Could Fall 6,000 Points??!?!

Someone thinks so… (H/T GoldSilver.com)

Video:

The Story via Business Insider:

There’s a distinct possibility the U.S. stock market could plunge as much as 6,000 points if the U.S. continues to rack up record amounts of debt, causing the dollar to lose its reserve currency status, says Daily Ticker favorite Howard Davidowitz. (See video below)

“The dollar has never been at greater risk,” he tells Henry in the accompanying clip. Davidowitz is confident that if Washington doesn’t cool its spending habits, interest rates will spike and inflation will soar. Look at the value of the dollar, and the crisis is already brewing, with foreigners and sovereign nations diversifying away from dollar-denominated assets, he says.

What’s an investor to do in this scenario?

Buy hard assets, he suggests. Davidowitz says investors should own physical gold, silver and diamonds. He also thinks land is a winning bet, even suggesting young adults buy and work farmland. “I think investment in farmland with water on it is a great investment. Finance will be less important,” in the future, he says.

Sounds like a good time to buy gold to me!

Video: Las Vegas Boom & Bust – A Preview for Singapore & China?

This comes via GoldSiver.com:

Wouldn’t it be a good time to invest in Gold and Silver and beat the rush?

Stock and Trading Advice: Yen and Dollar…rally ahead?

This is a sponsored posting….

Please click here to read about Yen and Dollar rally.

Click here to get more great trading advice.

Gold and Silver rise after Bernanke says Government will continue path to ruin

This is not very shocking…but, it’s news:

Gold and silver prices rose Thursday after the chairman of the Federal Reserve said the economy won’t recover fully until more jobs are created.

The economy likely will grow more quickly this year as companies and consumers spend more, but it will take several years for unemployment to fall to more normal levels, Fed Chairman Ben Bernanke said in prepared remarks to the National Press Club.

His speech suggested the Fed will continue its $600 billion Treasury bond-buying program aimed at bolstering the economy.

Earlier Thursday, European Central Bank President Jean-Claude Trichet said inflationary pressures in the 17 nations that use the euro are in check despite rising prices due to higher energy and commodity costs. The bank’s governing council decided unanimously to leave the main interest rate unchanged at 1 percent.

CPM Group analyst Carlos Sanchez said the combination of Bernanke and Trichet comments prompted more investors to buy gold and silver, which often are seen as safer assets to hold during uncertain economic times.

Sanchez said he expects gold prices to continue to rise in the next several months as global economic issues are addressed.

via News from The Associated Press.

You can expect prices on Gold and Silver to rise, as long as this Government continues to buy it’s own debit. As I have said before, this is a good time to get into Gold.

Please, check out GoldSilver.com and protect your nest egg today!

Video: Investor Alert: Avoiding Pyramid Schemes

The Video:

The News Article via GoldSilver.com:

Join silver expert David Morgan of Silver-Investor.Com and Michael Maloney in Las Vegas, where the famous Luxor Casino pyramid provides the perfect backdrop for a discussion of the latest gold and silver investment pyramid schemes.

Gold and silver are “honest money,” David says, but “like any financial instrument there’s good and bad in it.” Among the bad: pyramid schemes luring unwary investors with promises of rich profits on silver coins and numismatics.

The basic premise is this, Mike explains: the new investor comes in on the bottom of the pyramid, agreeing to purchase one or two or 10 coins each month at a certain price, which is considerably higher than retail price of the bullion or the collectable premium of the coin. The new investor also brings in two new buyers to join the club. When the two new buyers purchase their coins at the same ridiculously high price, the original investor who recruited them receives a small cut of the profit, and the bulk of the profit gets passed up the line to the top of the pyramid. The idea is that as the investor works his way up the pyramid, his take grows larger and larger, eventually covering the cost of his own monthly coin purchase.

There are several problems with this model, Mike explains. For one thing, “what happens is, there comes an end to every bull market. And 82% of the people that have come in don’t end up breaking even. They end up transferring some of their wealth to the top 18%.”

The “entrepreneurs” who started the pyramid sit at the top, skimming the majority of the profit. “They’re the ones that are really getting wealthy off of this,” Mike says. “Everybody is paying them, and they never go out of the top of this pyramid. They are sitting at the top permanently.”

Bottom line—know what you’re doing, David says.  “Keep it simple, know what you’re buying, pay a fair price to the dealer, start small until you’re comfortable, and go on from there. These types of schemes, to my knowledge, never work out for you. After all, Mike and I are looking out for you.”

What is a Pyramid Scheme?

Pyramid schemes now come in so many forms it makes spotting them difficult though they share in one overriding characteristic. They promise investors huge profits from recruiting others to join their program, rather than proceeds from real investments or sales of goods. Some pyramids claim to sell products, but they often simply use the merchandise to hide their pyramid structure.

There are two telltale signs for these schemes: inventory front-loading plus a lack of retail sales.

Inventory front-loading is when a firm’s incentive program forces a recruit to buy loads of products, often at inflated prices. If this occurs in the company’s distribution system, the people at the top of the pyramid reap substantial profits, regardless of the fact that little or no product is sold to the market. While folks at the bottom make excessive payments for inventory which simply accumulates.

Lackluster retail selling is also a red flag that a pyramid exists. Pyramid schemes typically claim their product is selling in huge volume but upon close examination, the sales either occur between people who are inside the pyramid or to new recruits who are joining the pyramid con, not to consumers out in the general public.

In a pyramid scheme, the pitch can be quite seductive as delivery on a high rate of return to a few early investors over a short period of time can produce temporary credibility and testimonials. Yet, pyramid schemes are illegal for a reason… they inevitably must fall apart. When the scheme collapses, most investors find themselves at the bottom, unable to recoup their losses.

How to Spot a Pyramid Scheme?

1. Beware of plans with exaggerated earnings claims, especially when there are no underlying product sales or investment profits.

2. Be careful of any plan that offers commissions for recruiting new sellers, particularly when there is no product involved or when there is a distinct, up-front membership fee. Also don’t assume that a presence of products or services, removes all danger.  The Federal Trade Commission has caught pyramids offering investment opportunities, charity benefits, off-shore credit cards, jewelry, women’s underclothing, makeups, cleaning supplies, and even energy.

3. If a plan purports to sell a product or service, check to see whether its price is inflated, if new members must buy costly inventory, or whether members make most “sales” to other members instead of the public. If these conditions exist, the purported “sale” of the product or service may simply mask a pyramid scheme that promotes an endless chain of recruiting and inventory loading.

4. Beware of programs that claim to have secret plans, foreign connections or special relationships that are difficult to verify.

5. Beware of any plans that delay meeting its commitments while asking members to hang in there.  Many pyramid schemes advertise that they are in the preliminary launch phase, yet they never can nor do launch for by definition a pyramid scheme can never fulfill its obligations to all its participants. To survive, pyramids need to keep and attract as many members as possible. Thus, promoters try to appeal to a sense of community or solidarity keeping its marketing arm intact, while rebuking outsiders or doubters.

6. Finally, beware of programs that attempt to capitalize on the public’s interest in newly deregulated markets or high technology.

Bottom Line: Every investor fantasizes about becoming wealthy overnight, but in fact, getting rich is usually the result of enterprising ideas and hard intelligent work.  If it sounds too good to be true, chances are high that a con is going on.

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Of course, you can avoid all that by buying from a source of Gold and Silver with a good reputation. So, why wait till prices go back through the roof again? Buy from GoldSilver.com!

Free Trading Advice: Trendlines: How a Straight Line on a Chart Helps You Identify the Trend

A free 14-page Club EWI report shows you 5 ways trendlines can improve your trading decisions
By Elliott Wave International

Technical analysis of financial markets does not have to be complicated. Here are EWI, our main focus is on Elliott wave patterns in market charts, but we also employ other tools — like trendlines. Are they effective? You be the judge — once you read the free 14-page Club EWI report by EWI’s Chief Commodity Analyst Jeffrey Kennedy. Enjoy this free excerpt. Read more.