Advertising is the art of convincing people to spend money they don’t have for something they don’t need.
Will Rogers

Alexander Hamilton started the U.S. Treasury with nothing, and that was the closest our country has ever been to being even.
Will Rogers

Ancient Rome declined because it had a Senate, now what’s going to happen to us with both a House and a Senate?
Will Rogers

Even though you are on the right track - you will get run over if you just sit there.
Will Rogers

Everybody is ignorant, only on different subjects.
Will Rogers

Everything is changing. People are taking their comedians seriously and the politicians as a joke.
Will Rogers

If Stupidity got us into this mess, then why can’t it get us out?
Will Rogers

Last year we said, ‘Things can’t go on like this’, and they didn’t, they got worse.
Will Rogers

The income tax has made liars out of more Americans than golf.
Will Rogers

We are all here for a spell, get all the good laughs you can.
Will Rogers

On account of being a democracy and run by the people, we are the only nation in the world that has to keep a government four years, no matter what it does.
Will Rogers

suggesting a new reserve currency is years away and will be very gradual as was the handover of reserve status from sterling to the usd. Gold is not mentioned for placement in the basket but from the picture at the top of the article it clearly shows the cogs and wheels are cast in gold and intwined with the USD, Yuan and Euro currency symbols…That’s my story and I’m sticking to it

Beyond the Dollar:   Rethinking the International Monetary System

www.chathamhouse.org.uk/files/16146_r0310_ims.pdf

www.chathamhouse.org.uk/publications/papers/view/-/id/844/

a large swath of subarctic Canada do rely on winter roads (meaning frozen soil so that heavy trucks dont sink into muskeg, peat, and saturated soil). The link below indicates how people are adapting to the idea that winter roads over muskeg, and ice roads across northern lakes or along northern rivers are becoming less reliable as a means for moving fuel, equipment and food into remote mining areas and remote settlements. The news tonight for the Garden Hill area of Manitoba, featured in the link below, is that some of the semis now mired in unfrozen soil may not be able to be retreived until freeze-over next winter. This significantly influences the length of season available for surface exploration by the mineral and petroleum industry. This is where adaptation comes into play. Equiz.

tinyurl.com/yjmlykn

www.contrahour.com/ First hand stuff

From the Looks of these quotes…it seems they got to him too !

Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
John Maynard Keynes

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes

For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
John Maynard Keynes

I work for a Government I despise for ends I think criminal.
John Maynard Keynes

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
John Maynard Keynes

In the long run we are all dead.
John Maynard Keynes

The avoidance of taxes is the only intellectual pursuit that still carries any reward.
John Maynard Keynes

The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes

i had dinner tonight with a friend who had a short, precise description of how things have gone recently.

he said, “obama, when he found that he had inherited a sinking ship, immediately ordered holes drilled in the hull to let the water drain out.”

i laughed, the other option being to cry.

pax
t.f.

….Its absolutely amazing to me that Alan Greenspan who was Rands Prize Desciple for many years in the 60s….Turned to the dark side !!!

….I am following Bix Weir’s Road to Roota….which says in effect…Greenspan is a double agent….He orchestrated the end of Fiat by abeting and allowing the whole mess to Blow up…with derivitives and zero interest rates…..just so we could return to the Gold Standard….

…Its a wacky concept on the surface….but…maybe just maybe there is some truth to it…..Either that or the Cretins gave him a lobotomy …and and infected him with Keynesianism then recruited him …

……its like Star Wars…Greenspan is Darth Vader….

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense… that gold and economic freedom are inseparable.
Alan Greenspan

Any informed borrower is simply less vulnerable to fraud and abuse.
Alan Greenspan

Anything that we can do to raise personal savings is very much in the interest of this country.
Alan Greenspan

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
Alan Greenspan

I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
Alan Greenspan

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
Alan Greenspan

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
Alan Greenspan

Whatever you tax, you get less of.
Alan Greenspan

LOL!  That’s just a bit of global warming…. or you might be hallucinating…. it’s spring you know! 

Looks like the Illinois politicos stole his pot too…no potato soup for him haaaaa
All must watch Chicago politics at work tomorrow in D.C….Health Care Express comin down the pipe….Good I’ll solicit more doctors for Belize on Monday
Calling al thespians calling all thespians

Post tomorrow morning after shoving around 5 yards….need the exercise haaaaaa…I am in Dallas …snow coming down //I am freezing half to death..ha

The Anglo-Australian mining company Rio Tinto says it has signed a deal with China to develop a massive iron ore mine in West Africa.

China’s state-backed metals group Chinalco will pay $1.3bn (£0.85bn) for 47% of the Simandou project in Guinea.

The tie-up comes amid tensions between China and Australia over next week’s trial of four Rio employees on bribery and commercial spying charges.

bbc

I need the exercise anyway… who needs the gym? 

hummm,  sounds like lots of work going to be involved with that dirt !  Guess that will be better than watching the markets! 

Just had 5 yards of topsoil delivered today.  ($140)  Portable in a dump truck.  HeHe  Good dirt… better than frns in the bank. 

Dear CIGAs,

Having participated in the 1970s gold bull market, I witnessed overnight money go from under 3% to over 21% as 10 year money went from under 3% to 14 7/8 %. Gold went from under $40 to $887.50.

As such, India raising its interest rate does not seem to be a reason to worry about gold. India’s move and the EU riding a bucking bronco was reason enough for a CRIMEX gold raid.

Doing the following is my suggestion during days like these.

660 really?

posted nov 17th 2008.

da da da da da da..

its a fractal, a repitition of human nature. frostbite me!

www.swarmusa.com/vb4/content.php/280-SwarmUSA-s-Nate-Martin-Interviews-Gerald-Celente

I’ll second Geotrader1 and say thanks for that post.  Too bad Ayn Rand isn’t still around… although I don’t think she’d like what’s going on much.  She’d probably be fascinated by our proximity to “Atlas shrugging”.

Cheers

IT WAS A WONDERFUL LIFE
by James Quinn
March 19, 2010

snip

Americans bought into two huge lies. They believed that “free market capitalism” and “globalism” would make their lives better. These fabrications were spread by the monopolistic mammoth corporations that control Washington D.C. and their puppets in Congress. Big media spread the gospel of free markets and the benefits of a global economy incessantly. The fact is free markets aren’t really free and global markets meant your job was shipped to China or India. Americans fell for the hook of cheap goods sold by mega-retailers and produced by slave labor in Far East countries and paid for with loans at 19.99%. This was not free market capitalism, but predatory capitalism. The capitalism that thrived in Bedford Falls was humane capitalism. It was a capitalism where one’s commitment to being benevolent took priority over greedy self interest; when the welfare of the person was rooted in the best interests of the society, and when the profit motivation was employed to meet societal needs, rather than Potter-like inhumane bankers and gluttonous corporate CEOs. These monsters of capitalism have the same contempt for the American people as displayed by Henry Potter. They are as bigoted towards America’s working class just as Potter referring to the townsfolk as suckers, riff raff, and garlic eaters. Frank Capra depicted bankers as prejudiced predators, angling to direct America toward a rapacious existence under their sphere of influence. In my opinion, he was too generous, as the Wall Street bankers of today personify pure evil. Only soulless parasites could create subprime, no doc, and Option ARM mortgages, sell them as packages to pension funds, bet they would collapse, beg for a taxpayer rescue, use the money to gamble in the stock market, and pay themselves billions in bonuses. That defines American capitalism today.

financialsense

First, they assume the gold price will stay flat. But gold’s intrinsic supply-and-demand fundamentals remain super-bullish and this metal is entering its seasonally-strong spring-rally timeframe. In addition the US dollar’s bear rally is rolling over, which is very bullish for gold. I suspect we will see a strong gold rally in the next couple months, and if you plug a higher gold price into the HGR equation you naturally get a higher HUI target. And the HGR average itself is conservative too.

Periodically bull markets witness an intense flare-up of excitement and greed. We haven’t seen such an episode in gold stocks since early 2006, almost 4 years ago, so we are certainly overdue. In April and May that year the last time investors got excited about gold stocks, the HGR averaged 0.552x. And I have no doubt we’ll see widespread gold-stock excitement again, especially given the increasing hedge-fund interest in this deeply-undervalued sector. Plug $1200 gold (a trivial 7% rally from here) into a 0.55x HGR, and you get a 660 HUI target. This is 55% higher than today’s levels!
It is kind of funny, as elite hedge-fund managers who weren’t the least bit interested in gold stocks prior to the stock panic are increasingly comprehending this sector’s exceedingly-bullish outlook. Yet many, if not most, individual investors who were heavily long gold stocks prior to the panic have yet to return. If you are in this camp, I encourage you to stop worrying and start investing. Great gains remain to be won.

www.zealllc.com/2010/gsrec2.htm

“recreation(!)……………..”

She obviously dissed GBV as a God-given right.

Thank for your Post 15:30,,,, said so much that I have thought but could put no words to