Oldtent Archives 2010

That’s a good one. And so true, by rhe time you trade it for fiat it’s worth less.

Here is a Good Griefer. Just received an email from our booker who got me scheduled to be on BNN (Business News Network) in Toronto next Friday for a 15 minutes appearance…

Hi Bill-
They cancelled this, said GATA is to controversial for them. I think it is ridiculous.
Pam

Fri Sept 24th 3:00-3:15pm EST Live TV BNN Trading Day w/ Marty Sej Toronto, Canada
Bill needs to be in BNN studio by 2:45pm EST
PR090910
Topic: Gold/ Conference

Studio Info:
BNN - Business News Network,br> 720 King St. W., 10th Floor
Toronto, ON M5V 2T3

***

I mean how bad is that? Controversial to whom? We have been right about gold for a decade, saying what was going to happen and why. Yet, we are too controversial, for what, telling the truth? And to think this major financial network is only too happy to have The Nitwit as one of their guests. This cancellation will give you some idea what GATA has been up against for so long and just how controlled the financial press in the United States and Canada really is

claptona #37

Hey your only 30 points behind the Big O there on the right hand side of the page

And he really thinks he can Clean NY. State  up in only one term????

CLAPTONA #36

Bill H:

2 Bad Omens Within a Week.

www.reuters.com/article/idUSTRE6850VN20100906

To all; very little was said in the U.S. press last week about the French proposal to discuss the end of Dollar hegemony at the upcoming G-20 summit. Joining France is China, Russia, Brazil and India. While the U.S. press has mostly ignored this, it is making the rounds on foreign soil. I find it very interesting (as reported by Trader Dan Norcini) that U.S .Agency debt held by foreign Central Banks dropped $57 Billion last week. I do not believe these two events are mutually exclusive, on the contrary I believe they are VERY connected!

Going one step further, the derivatives mountain of toxic crap was for the most part “Made in USA” (nice to know we still manufacture something), and it looks like the abandonment of U.S. debt and defrocking the Dollar may just be the ultimate response by foreigners. If it turns out that foreigners are shunning U.S. debt and voting thumbs down on Dollars as THE reserve currency, you can bet that hyperinflation is just around the corner.

We have struggled for 3 years now as to whether inflation or deflation would be our hell to pay. If foreigners abandon the Dollar as now appears more likely, inflation will be the result. Don’t get me wrong, “internal” deflation will continue in pockets but The Fed will be forced to step up and buy more Agency AND Treasury debt which by definition IS monetization. A collapsing Dollar will result in hyperinflation which will conveniently wipe out all paper balances at banks, brokers insurance co’s. etc. Isn’t it interesting that the public has just this year gone on a Treasury bond buying binge at exactly the wrong time! How apropos that we lived by the sword for so many years (foreigners funding our lifestyle) and will die by the sword (foreigners shunning our Dollars)!

As for the “inflation/deflation” debate, the only way true deflation can occur is if there are less Dollars outstanding which would mean a stronger value. This would assume that the U.S. financial system holds together which I cannot see happening for much longer.. We are a nation that has bankrupted itself and our creditors know this, EVERYONE knows this! In my opinion it is only a matter of time before the situation goes nuclear. Regards, Bill H

www.nytimes.com/2010/09/15/nyregion/15webnygov.html
Latest tea party patriot to win a race in the primary.
I had the chance to listen to Hannity’s interview with him and i researched his name on google. He seems the real deal to clean out NY state. And most of all he will stay only one term, that is his pledge. Tell me who would do that.

It is not legal to have capital gains “tax” on gold. (I will never pay capital gains on our only allowable money.)

Rather, there should be a tax deduction for the devaluating phony Federal Reserve dirty paper.

Also, in 1913, enacted  PERSONAL INCOME TAX,

to fund the FED banksters, which is uncontitutional

Aaron Russo, RIP

Call your dad.

GOOD LUCK

31 - thanks for letting us travel with you !

GO GATORS!

30 Is terrific. Thanks again, y’all.
Even if I do not win, I really appreciate you taking the time to cast a vote.
You may not know it, but it does really mean a lot to me!
Cheers
John

You guys and gals are the cats meow!
You’re the bomb!
You’re A # 1 in my book!
That a good thank you guys and gals?
I appreciate your support
Cheers
John
Wow - just looked at the hubpages, I got a double for an increase in traffic - thanks a lot everyone!
“What is your “Heck Yeah” moment” voting area is here :http://hubpages.com/topics/politics-and-social-issues/4677
If you would like to vote, scroll to the bottom of this page, where it says “cast my vote”
You do not have to register or sign up for a thing, you can just cast a vote. My article is up for a feature if I get the most votes.
Thanks again one and all . I really appreciate it!

Thanks for the Kunstler article. Like his writing and his thinking in this article, especially his comments about starry-eyed nostalgia.

for the ‘beige rug house’ is give them a ‘global climate disruption’ right up thier arses! BAH to the scum nazis may they all find compatable lamposts. wj

 Couldn’t agree more. Kuntsler is a dolt.

White House: Global Warming Out, ‘Global Climate Disruption’ In

From the administration that brought you “man-caused disaster” and “overseas contingency operation,” another terminology change is in the pipeline.

The White House wants the public to start using the term “global climate disruption” in place of “global warming” — fearing the latter term oversimplifies the problem and makes it sound less dangerous than it really is.

www.foxnews.com/politics/2010/09/16/white-house-global-warming-global-climate-disruption/

ya wanna see a real short squeeze, take a look at the cotton chart then the corn chart.

rno

Just as the government is trying to prevent people from investing in anything other than T-Bills by raising taxes on taxable interest and dividends to confiscatory levels, it’s also trying to prevent you from parking your wealth in assets, like gold, that compete with the paper dollars issued by the Federal Reserve and the Treasury. A press release from Rep. Anthony Weiner, Democrat of New York, not yet (as of this instant) posted on Mr. Weiner’s Web site, announces that a September 23 hearing of the Subcommittee on Commerce, Trade, and Consumer Protection (a subcommittee of Rep. Henry Waxman’s Commerce Committee) will focus on “legislation that would regulate gold-selling companies, an industry who’s [sic] relentless advertising is now staple of cable television.”

From the press release: “Under Rep. Weiner’s bill, companies like Goldline would be required to disclose the reasonable resale value of items being sold.” That’s great. Are Mr. Weiner and Chairman Bernanke also going to agree to print on every dollar the reasonable expectation that its value will be eroded by inflation?

Gold investors (or speculators) are already punished by the federal government by having their investment, even in a gold exchange-traded-fund, taxed at the higher rates that apply to collectibles rather than long term capital gains.

Not to mention the fact that Mr. Weiner’s regulatory push seems as much aimed at conservative journalists as at the gold-dealers. The press release says, “Goldline employs several conservative pundits to act as shills for its’ [sic] precious metal business, including Glenn Beck, Mike Huckabee, Laura Ingraham, and Fred Thompson. By drumming up public fears during financially uncertain times, conservative pundits are able to drive a false narrative. Glenn Beck for example has dedicated entire segments of his program to explaining why the U.S. money supply is destined for hyperinflation with Barack Obama as president.”

Imagine the uproar if a Republican-majority Congress started investigating and having a regulatory crackdown on big advertisers in liberal outlets such as the New York Times. The First Amendment freedom-of-the-press crowd would be marching in the streets.

The whole situation is amazing. If Mr. Weiner really wants to calm fears about hyperinflation, the last way to do it is to have a government hearing cracking down on the people warning of it.

The press release reports that “invitations to the hearing have been sent to the representatives of Goldline International, the Federal Trade Commission, the Consumers Union and other potential witnesses, including former Goldline employees.” Mr. Weiner might also consider calling John Paulson and George Soros, who have also reportedly been buying gold lately, though Mr. Soros was also quoted as calling it a bubble. But Mr. Paulson saw the housing bubble coming so he might be right about the inflation risks, and Mr. Soros is a big funder of left-wing causes, so neither of them would fit with the objective of the hearing.

Anyway, we are looking forward to the hearing, which should be quite a show.

Federal News Radio
Rep. Mike Coffman (R-CO) introduced a bill this week that would require two weeks of furlough in 2011 for federal civilian employees. The furloughs would save taxpayers $5.5 billion, according to a release about the bill.

“[Furloughs] provide slight problems but they provide large solutions to the budget trouble we face,” Coffman said.

Coffman’s bill, H.R.6134 would make two weeks of unpaid non-consecutive furlough days mandatory, reduce appropriations for salaries and expenses for legislative branch offices, and provide a 10 percent reduction in pay for members of Congress. There are exceptions for national security or reasons related to public health or safety.

In his introduction to the bill, Coffman pointed out that at least 24 states have instituted short-term furloughs, mentioning that Furlough Fridays are happening at the state and local levels.

“I would like to make the U.S. Government as cost conscious as the states,” Coffman said. “My legislation is a start.”

Farmboy, what a wonderful letter. As a father of two grown sons I can feel the pride that you feel. Its so rewarding to see your sons turn out the way you hoped and prayed for. You are blessed and so is your son.

Regulators close 5 banks in Ga, NJ, Ohio
7 minutes ago

(AP:WASHINGTON) Regulators have shut down three Georgia banks and one each in New Jersey and Ohio, boosting to 124 the number of U.S. bank failures this year amid the tough economic climate and growing loan defaults.

The Federal Deposit Insurance Corp. on Friday took over the Georgia banks: Bank of Ellijay, in Ellijay, with $168.8 million in assets; First Commerce Community Bank of Douglasville, with $248.2 million in assets; and Peoples Bank, based in Winder, with $447.2 million in assets.

The FDIC also seized ISN Bank in Cherry Hill, N.J., with $81.6 million in assets, and Bramble Savings Bank of Milford, Ohio, with assets of $47.5 million.

I would say that this quote from his own piece pretty well sums up his venomous article:

 ”non-stop spewage of so-called information”

Got my book today. Out and about scanned and zoomed into premature umbilical cord clamping. I’m so glad you mentioned it. They should make that a law to stop the immediate clamping under doing harm. Right on.