George Soros went on to say that reducing or stopping stimulus packages too early may threaten to send the world in to the second phase of a double dip recession. He was comfortable with the current levels of national debts and said there was probably lots of room for more in developed countries..
…has to be a fakeout…he’s not that dumb
….did he actually say gold is in a bubble…because the sheeple are Selling their jewlery?
3 minutes ago
(AP:WASHINGTON) Senate Democrats needed all the 60 votes at their disposal Thursday to muscle through legislation allowing the government to go $1.9 trillion deeper in debt.
Democratic leaders were able to prevail on the politically volatile 60-39 vote only because Republican Sen.-elect Scott Brown of Massachusetts has yet to be seated. Republicans had insisted on a 60-vote, super-majority threshhold to pass the measure. An earlier test vote succeeded on a 60-40 vote.
The measure would would put the government on track for a national debt of $14.3 trillion _ about $45,000 for every American _ and it served as a vivid reminder of the United States’ dire fiscal straits.
The massive increase in the debt limit would allow majority Democrats to avoid another vote until after the midterm elections this fall. New estimates released by the Congressional Budget Office on Tuesday show that the U.S. this year could run a deficit matching last year’s record $1.4 trillion shortfall.
To win the votes of moderate Democrats, President Barack Obama promised to appoint a special task force to come up with a plan for dealing with the spiraling debt.
And to get the support of moderate “Blue Dog” Democrats in a House vote next week, the measure includes tough new “pay-as-you-go” budget rules to make it harder to run up the deficit with new tax cuts or federal benefit programs. Senate Democrats had been reluctant to approve the new deficit curbs but relented and approved them by a 60-40 vote.
Several Republicans who had earlier voted for the new rules, which would make it more difficult to permanently extend some tax cuts that expire at the end of this year, switched their positions and opposed it.
They include John McCain or Arizona, who’s facing a primary battle with former Rep. J.D. Hayworth, who’s winning support from conservative “tea party” activists.
The current $12.4 trillion debt ceiling is expected to be reached in mid-February.
Congress has never allowed the United States to default on its obligations, which would roil markets and likely cause the government to lose its AAA credit rating.
“We have gone to the restaurant, we have eaten the meal. Now the only question is whether the government will … pay the bill,” said Finance Committee Chairman Max Baucus, D-Mont.
Democrats and Republicans alike share responsibility for running up the debt, but it fell upon Democrats to pass the measure since they control the government. It makes no difference that Republicans routinely backed increases in the debt when former President George W. Bush was in office.
Republicans blame recent generous spending bills enacted by the Democratic-controlled Congress for driving up the debt. Those measures, however, are just one relatively small part of the problem. The far bigger element is a sharp drop-off in tax revenues because of the recession and the economy’s slow recovery, as well as higher costs, since more people are taking unemployment benefits and food stamps in tough times.
“Why $1.9 trillion?” said Sen. Judd Gregg, R-N.H. “So that Congress doesn’t have to face up to the debt ceiling until after the next election. We ought to face up to it before the next election because the people in this country have a right to know whether or not this Congress is going to do something about controlling … the debt.
Earlier Thursday, Obama’s Democratic allies in the Senate rejected a plan attempting to adopt a modified version of the president’s proposal to freeze spending on domestic spending passed by Congress in annual spending bills.
A 56-strong majority of senators supported the plan, but it failed because 60 votes were required. It serves as a marker for later this year when Congress passes its budget.
It’s about time! 
And her sister.
LONDON: Members of the Taliban’s leadership council have met secretly with the United Nations representative for Afghanistan to discuss the possibility of laying down their arms, a UN official said on Thursday.
The regional commanders from the Taliban’s Quetta Shura requested the meeting with UN Special Representative Kai Eide and it took place on Jan. 8 in Dubai, the official said, speaking on condition of anonymity.
The official told Reuters it was the first time such talks had taken place with members of the Taliban’s top leadership council, which US officials say is based in the Pakistani city of Quetta.
“They requested a meeting to talk about talks. They want protection, to be able to come out in public. They don’t want to vanish into places like Bagram,” the official said, referring to a detention centre at the main US military base in Afghanistan.
Eide declined to comment on whether or not the talks took place.
..will Ted marry Alice ?
Sell the news.
…the is the bernankepankey rebound in HUI….Bernanke is Gooood for Gold
Acceleration to meet the obstacle usually works, especially if you have a 4 x 4 pickup. Good luck with your weather. Up here, things are great right now with the weather, with Vancouver setting out to record its warmest mean monthly temperature ever for the month of January, since record-keeping began. Nearby Seattle is not too different from Vancouver. I have no idea what influence these weather patterns have upon the price of silver and gold. Cheers. Equiz.
Hope it can build some mo mo. Probably Soros buying.
you be a real bud you be. 
wj
Whenever a storm system slows it is a very bad deal….it picks up double the energy in 1/2 the time…
But you and I know the IMPORTANT question here…Did your wifes hairdo make it through the ordeal?
3 minutes to a Green HUI
For you my friend… a quarter!
(whisper) things are looking a bit better…
globull wormsing i presume is surely the reason… 
wj
I got in a couple of hours ago from taking my wife to get her hair twisted…..I live out a couple of miles northwest of Amarillo. When I turned off I-40 to take the side roads to get to the house….a pimple faced cop tells me the road is closed. I talked him into letting me go on in my 4X4 pu. When I turned north to head to the house I had to bust some 3 foot drifts before I got to the house. Pretty bad around here…..but they say we’ve only seen about 1/3 of the storm so far. The good thing is the lack of ice and we’ve still got power. They say the storm center is slowing down. It is now still west of El Paso. This could be a dozzy. Hope everything turns out alright over there.
All the best.——–aggie.
i think i’ll just buymore i think 
hey buddy can ya spare a shiney dime? 
wj
PM shares are trading with the SM and not the price of GOLD.
PM shares only trade with the price of GOLD when gold goes down and the stock market goes up. Weird ain’t it! JMO
for gold shares to be down again with gold up again? Any ideas out there?
“facto!” There that’s about all I can afford these days. 
I apologise, been busy with family matters since Christmas and I have not been to focused on whats going on………….. this may hold here but I’m of the belief that the broader mkt. is going to sell off and based on past experience I usually get my @$$ kicked when that happens. As I’ve mentioned before, I’m not a very good trader. Silver is about at the 38% fib from Oct. Gold still has a way to go. May not reach it but if it does silver will be in a world of hurt. I want to see what we close at & what tomorrow brings. But concerning phiz at this level…………. absolutely…………
buymore
the only problem is that with gold bullish divergences are not necessarily predictive due to the rig…resilience is ducky but I doubt gold can acheive any upside impulse with the dollar hangin in there every day…
