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Stunner: Gold Standard Fully Supported By... Alan Greenspan!?

Tyler Durden's picture




 

You read that right. After such establishment "luminaries" as World Bank president Robert Zoellick, Warren Buffett's father Howard, Jim Grant, and, most recently, Kansas Fed president Thomas Hoenig, all voiced their support for a return to a gold standard, the most recent addition to the motley group of contrite voodoo shamans is none othe than the man who is singlehandedly responsible for America's addiction to cheap toxic credit, who spawned such destroyers of the middle class as the current Chaircreature, and who currently is the chief advisor in John Paulson's crusade to gobble up every ounce of deliverable physical in the world: former Fed Chairman - Alan Greenspan! In an interview with Fox Business, the man who refuses to go away into that good night: "We have at this particular stage a fiat money which is essentially money printed by a government and it's usually a central bank which is authorized to do so. Some mechanism has got to be in place that restricts the amount of money which is produced, either a gold standard or a currency board, because unless you do that all of history suggest that inflation will take hold with very deleterious effects on economic activity... There are numbers of us, myself included, who strongly believe that we did very well in the 1870 to 1914 period with an international gold standard." And a further stunner: Greenspan himself wonders if we really need a central bank. Now our only question: why couldn't the maestro speak as clearly and coherently during his tenure which resulted in our current near-terminal financial state. And as a reminder, courtesy of Dylan Grice, if and when we do get a return to a gold standard there would be a need to reindex the monetary base to a real time equivalent price of gold, putting the price of the precious metal at about $6,300: "The US owns nearly 263m troy ounces of gold (the world's biggest holder) while the Fed's monetary base is $1.7 trillion. So the price of gold at which the US dollars would be fully gold-backed is currently around $6,300." And here you have people worried about day trading volatility...

 

h/t Mike Krieger

 

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Fri, 01/21/2011 - 13:01 | 893535 NOTW777
NOTW777's picture

FCX getting shot; GOOG losing 625ish

Fri, 01/21/2011 - 13:01 | 893538 Malcolm Tucker
Malcolm Tucker's picture


This guy sounds better than CNBS's Joe :)

Here is a profanity laced tirade by Joe Rogan (of UFC fame) on the American war machine:

http://fedupmontrealer.blogspot.com/2011/01/joe-rogan-on-american-war-machine.html

Fri, 01/21/2011 - 13:10 | 893578 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Joe Rogan's theory that we should carpet bomb the middle east is pretty funny too.

Joe Rogan Solves the War with Pot:

http://www.youtube.com/watch?v=W6cZdSJvOME

Fri, 01/21/2011 - 13:25 | 893654 goldmiddelfinger
goldmiddelfinger's picture

Is this the one where you fell in love with the sound of baby coos?

Fri, 01/21/2011 - 13:34 | 893700 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Birdman - Always Strapped ft. Lil Wayne, Mack Maine:

http://www.youtube.com/watch?v=QG6b5ENtr74&ob=av3el

Fri, 01/21/2011 - 14:08 | 893860 goldmiddelfinger
goldmiddelfinger's picture
by Mr Lennon Hendrix
on Thu, 01/20/2011 - 22:26
#892229

 

FTD BTFPM!

Some things in life trigger response.  Death, birth, injury, ecstasy, and language.  From the sound of a baby's coo, to the baby's mother's response, to a poem being read

Fri, 01/21/2011 - 14:56 | 894006 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

.....by a belligerent bohemian, words matter.  Word is the closest we can get to express our truths, even though we merely perceive them through a veil, and the truth will set us free.

Certain words and phrases resonate inside us.  When the outside talks the inside responds.  Our minds and hearts vibrate together in a remembrance of our past.  We experience all of life in that moment.  Then we try to register its meaning.  Between this is experience.

Happiness and sadness can come from these experiences whether we like it or not.  We have no allegiance to any words in particular and that is how it is the past experiences that guide or heart over our minds to catch the meanings.

So when I heard FTD BTFPM I couldn't stop smiling.  Still can't.  Something about the urgent yet stoic nature.  In this time of gubertorial theft and deciete, the truth rings loud and clear.  FTD, because who cares about what the dictated price is.  BTFPM, because what else is there.

Fri, 01/21/2011 - 15:02 | 894058 grok
grok's picture

so, ah, what do FTD and BTFPM mean?

Fri, 01/21/2011 - 15:13 | 894099 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

F the dip...buy the f'n precious metal.

Fri, 01/21/2011 - 16:53 | 894453 The_Euro_Sucks
The_Euro_Sucks's picture

Buy the PHYSICAL precious metal. For the rest it had me smiling as well.

Fri, 01/21/2011 - 14:17 | 893878 Blindweb
Blindweb's picture

I would suspect that's actually a pro American military strategy.  Weed would make them more docile.  Tibet's spirituality didn't help them from repelling the Chinese.

Rogan is hilarious when he mocks Alex Jones

http://www.youtube.com/watch?v=5PdhGgjGiBg  first 30 seconds

Fri, 01/21/2011 - 14:34 | 893968 Turd Ferguson
Turd Ferguson's picture

Jimi: Please take the time to read this. Very important info, imho:

http://tfmetalsreport.blogspot.com/2011/01/1600-gold-by-june-10-2011.html

Fri, 01/21/2011 - 14:48 | 894002 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I didn't hit the sack until midnight because I was waiting for it!

Fri, 01/21/2011 - 14:58 | 894035 Red Neck Repugnicant
Red Neck Repugnicant's picture

holy cow.

lol

Fri, 01/21/2011 - 15:32 | 894177 tmosley
tmosley's picture

Some people have useful things to say.  As opposed to people like you who simply spout lies.

I thought something seemed fishy when you accused me of saying I only owned gold on Seekingalpha, so I went back and looked through my posts, and lo and behold:  http://seekingalpha.com/user/445251/comment/1123997

That one makes it clear that I invest heavily in silver.

I will wait for your apology, even though I know none is coming, because you are a tiny, tiny, little man.

Fri, 01/21/2011 - 20:01 | 894840 Calmyourself
Calmyourself's picture

I disagree, he says very useful things.. Things which completely expose his hypocrisy and shallowness..  Hey RNR find those Bammy transcripts yet?  lol.. 

Remember:  "If they bring a knife to the fight we bring a gun"  The original,  aggressive rhetoric, from the apprentice President learned at the Weathermans feet no doubt..

Fri, 01/21/2011 - 22:50 | 895089 Red Neck Repugnicant
Red Neck Repugnicant's picture

 

To the person who has 95% of his portfolio in silver at ZeroHedge, and 95% of his portfolio in gold at SeekingAlpha -

This is in response to your last post directed toward me, somewhere 400 comments down.

-------

I barely know where to start.  You have no understanding of history.  None. 

If that is your understanding of the 20 years before the creation of the Fed, it is no mystery why you're pushing for a gold standard.  In fact, your explanation is so shallow, so short-sighted, so cursory and so amiss that most of your idiotic explanation is in parenthesis.

To better set the stage, let's go a few years back:

The 50 years between the National Banking Act of 1863 and the creation of the Federal Reserve in 1913 was probably the most volatile period in American banking history - far and away more volatile than the 100 years since the Fed.

Let me begin with Black Friday of 1869, when two guys on Wall Street attempted to corner the gold market. The reason I start there? Because it's a damn good precedent for what could happen on a gold standard. If, today, our top 6 banks on Wall Street can accumulate assets equal to 60% of our GNP, what makes you think they wouldn't control all the fucking gold, too? Just because we switch "tokens" for our medium of exchange and storage of wealth doesn't mean the plutocrats won't take them, too. They can manipulate any "token" that represents wealth.  

But, really, what I want to draw your attention to is the so-called "Gilded Age," which began in the 1870's when huge gold deposits were discovered in the West.  This period of time ran until the creation of the Federal Reserve and the first World War. There was no middle class, whatsoever. You were either rich, or, like the vast majority, really fucking poor.  In 1890, over 90% of American families earned less than $1200 per year; of this group, the average annual income was $380, well below the poverty line. 

http://www.pbs.org/wgbh/amex/carnegie/gildedage.html

As Mark Twain characterized the age, ""What is the chief end of man?--to get rich. In what way?--dishonestly if we can; honestly if we must."

That was America in the late 1800's - remarkably similar to today.  Your era of the gold standard was crap.  You suggest that free markets were operating as they should.  What a crock of shit.  If that's what survival-of-the-fittest capitalism looks like, I want nothing to do with it, even if I was living on top of it.     

The overall spirit of your post is that the era before the Fed was a relatively benign one. Apparently, banking irregularities were just shallow blips in history - Bullshit!!  

Consider the following:

Panic of 1873

Recession of 1882-85 coupled with a full bank panic in 1884

Panic of 1893

Massive Depression of 1893 (see below)

Panic of 1896

Mild recessions from 1899-1904

Panic of 1907 followed by a recession in 1910-11

Now, you trivialized the panic/depression of 1893 calling it "insignificant". Since obviously you don't believe my words, let me refer you to David Whitten, Professor of Economics and Business at Auburn University:

  • The Depression of 1893 was one of the worst in American history with the unemployment rate exceeding ten percent for half a decade.. 
Unemployment even hit 18%. Is that your version of insignificant? There were 503 bank failures in 1893, alone.  Keep in mind that is before the days of the FDIC - whoever could run to the bank the fastest won, and there were no Air Jordans back then, either.  Innocent normal hard working laborers lost everything.  So when you say that "some speculators went bankrupt" you truly do not have the slightest clue what you're talking about.  It was normal citizens and farmers that faced total wipe-outs for no good reason.  Panic, fear, and bad information, coupled with asymmetrical distribution of reserves (clue: whoever held gold) was the bullshit reason why everyone got fucked. There were studies done later that suggested up to 90% of all bank failures in 1893 were on perfectly healthy banks. Why do you think nations continually had to go off the gold standard? Because it works so well?  It works in a textbook or in a YouTube video, not in reality.     The Great Depression?  Do you know anything about it????  Or do I need to school you there, too? 

Take your Inelastic currency supply and shove it up your ass.  

 

Fri, 01/21/2011 - 23:11 | 895169 TheGreatPonzi
TheGreatPonzi's picture

"The 50 years between the National Banking Act of 1863 and the creation of the Federal Reserve in 1913 was probably the most volatile period in American banking history - far and away more volatile than the 100 years since the Fed."

I am not aware 2011 minus 1913 are equal to 100.

You are trying to legitimize the Federal Reserve via making it older than it actually is, which tells a lot on your real motivations.

Fri, 01/21/2011 - 23:20 | 895184 Red Neck Repugnicant
Red Neck Repugnicant's picture

98

You fucking moron. 

Fri, 01/21/2011 - 23:34 | 895211 TheGreatPonzi
TheGreatPonzi's picture

You can't take the exact number on the one hand, and an approximation on the other hand. This is dishonest.

It tells a lot on your intellectual bias.

You love the FED and hate the gold standard, this is obvious. And the rest of your argumentation just serves your emotional biases.

I am not going to answer to each point of your previous long missive, just say that periods of adjustments ("krachs", "recessions", "panics") are a natural part of capitalism. There is nothing wrong in all that as long as those responsible pay the price, and all the bad debt is eliminated. And bailouts are a monkeywrench in this just machine.

The 1913-2011 period was more stable than the 1863-1913? Sure, buddy. But I prefer to have five recessions in fifty years than one apocalyptic, terminal crash of everything every century.

You admitted yourself that the 1863-1913 crashes benefited the banking oligarchy. I'd add that they were artificially engineered by fractional banking, and served to push the 1913 Federal Reserve act. The main reason this act has been voted by the Congress was to reduce the... instability in the banking system.

But that would make me a conspiracy theorist.

Fri, 01/21/2011 - 23:48 | 895232 Red Neck Repugnicant
Red Neck Repugnicant's picture

the 1863-1913 crashes benefited the banking oligarchy. I'd add that they were artificially engineered by fractional banking, and served to push the 1913 Federal Reserve act...

*LOL*

Hilarious.  All of that history was manufactured so the Fed could be created?

*LOL*

!!Big fucking dumbass alert!!

The fact that you'd divert attention away from the dozens of points that I made, and, instead, talk about the fact that I rounded 98 to 100, is PATHETIC!!

Go turn on your tv and watch Maury do some paternity tests.    

Sat, 01/22/2011 - 00:15 | 895272 tmosley
tmosley's picture

Hmm, you're afraid that someone might take control of the "tokens" of trade, so you would rather give THE SAME PEOPLE full access to the printing press so they can do it at will?

You're nuts, kid.

Further, you fail to take historical precedent into account.  The difference between then and now is that then they were pulling themselves out of the poverty of colonialism and feudalism.  They were BETTER OFF THAN THIER PARENTS.  This was the case with each generation, until ours.  This is what the Fed has brought us.

So yeah, you can take your infinite theft machine, and shove it up YOUR ass.  You'd like that, though.

Sat, 01/22/2011 - 00:21 | 895283 Red Neck Repugnicant
Red Neck Repugnicant's picture

Learn history, and develop an educated opinion from it.  Don't start with an opinion and allow it to color your understanding of history.

Your brain is working in reverse.  

 

Sat, 01/22/2011 - 00:34 | 895296 TheGreatPonzi
TheGreatPonzi's picture

RNR, seriously, go fuck yourself. You are a living insult to freedom, honesty and justice.

What we really should do?

Create two countries: one for arrogant, elitist leftist douchebags such as you (there are tons of them in America), and one for libertarian bigots and gold worshippers such as me.

One rule: the two countries cannot do commerce between themselves, and one country cannot profit from the technological innovations of the other country. Otherwise it isn't fair.

We wait 100 years, and we make the toll. On many points: economical health, poverty, freedom, inequalities, whatever.

I don't know why, but I already know the results...

Sat, 01/22/2011 - 17:28 | 896201 tmosley
tmosley's picture

No, yours is.  You are the one is calling for the continued theft of purchasing power from everyone who owns dollars in order to prevent some theoretical theft that might happen, despite the fact that such efforts have never actually been successful, at least not without the help of the government you love so much.

Face it, you're an asshole who has been made rich by the government, and has made his way by fellating any and every authority figure, whether figuratively or literally.  You are a liar and you hate all forms of honesty.  Go fucking die.

Sat, 01/22/2011 - 07:02 | 895505 bozzy
bozzy's picture

RNR - An early learning question for you to study carefully in your own time as you obviously missed out badly in many areas of your personal development.

Q: Does gold basing a currency lead to increasing bank scams and volatility? 

Let me help here with a bit of a clue: - 

A: i)   Fractional reserve banking <> gold standard currency control

    ii)  Fractional reserve banking as it has been throughout the "gold standard" period to which you allude and continuing = theft

    iii) Gold basing currency = control mechanism to stop governments creating money out of nothing.

 

This information should help you control your temper and deteriorating Tourette's condition, as it will help you get to bed at a proper time in future and thus you will not be so "overtired" and tetchy with all the other children.

Have a nice day.

 

Sat, 01/22/2011 - 15:30 | 895994 pacu44
pacu44's picture

Consider the following:

1971, Nixon takes USA off gold standard (sh!tty one)

1974 Gas Crisis

1979 Gas Crisis

1979 Stagflation and the creation of the Misery Index

1987 S&L failures

1991 Rust Belt Recession (thank goodness for Desert Shield?)

1999 Y2k

2001 9/11

2008 Banking crisis Bailout (Paulson Hedge funding seed money by Bush)

2009 Banking crisis TARP (Obama Rescue Package)

2010 Banking Crisis QE2 (Federal Reserve steps in to prop up market in plain view of public)

2011 ??? QE3 (in the works)

***Note Debt ceiling level raised a ??? times

 

NONE of that happened during pre Fed times... Tell me how we are better now?

Fri, 01/21/2011 - 16:15 | 894330 ColonelCooper
ColonelCooper's picture

Repugnifuck - Just loving the smell of his own farts.

http://www.youtube.com/watch?v=4UdmYInXplY

Fri, 01/21/2011 - 22:19 | 895105 Red Neck Repugnicant
Red Neck Repugnicant's picture

Hey CoonAss...

All your fucking fart videos prove one of two things:

1.  You spend your time Googling "smelling your own farts"

OR

2.  You have a folder in your hard drive labeled: "Smelling my own fart videos"

Either scenario makes you look idiotic. 

Fri, 01/21/2011 - 16:59 | 894471 StychoKiller
StychoKiller's picture

I'm guessing that your prognistications are based on some sort of technical analysis.  Don't take this the wrong way -- you've been wrong before (and right too, I must also add!), what justifies this particular prediction?

Fri, 01/21/2011 - 13:13 | 893591 gold mining ceo...
gold mining ceos are idiots's picture

That was well worth a listen

Fri, 01/21/2011 - 13:35 | 893703 Pladizow
Pladizow's picture

Well Yeah!

In 1966 Greenspan wrote, "Gold and economic freedom are inseperable."

Then Washington/Wall Street got ahold of him.

Fri, 01/21/2011 - 14:02 | 893831 Running on Empty
Running on Empty's picture

What he said was that Gold was one option, the headline as always shows the websites bias towards the shiny metal with little useful purpose.

Fri, 01/21/2011 - 14:09 | 893868 Spitzer
Spitzer's picture

This is an Austrain based website.

Anyway, the US treasury is not the largest holder of gold, the European Central Bank is.

Fri, 01/21/2011 - 15:37 | 894190 Confuchius
Confuchius's picture

@893868

The author states:

"The us is the largest holder of Gold."

The true facts: "The us is the smallest holder of Gold"

If there is no audit for a half century, there obviously is no Gold.

None. Zero. Zilch. Nada. Nicht. Rien de tout...

The us has spoken no truth for a half century.

 

Tyler, the math answer must be out of an american college textbook.

Fri, 01/21/2011 - 15:46 | 894220 Spitzer
Spitzer's picture

US treasury-allegedly 8000 tons

Fed-0 tons

ECB-10,000+ tons.

Fri, 01/21/2011 - 16:02 | 894278 Rotwang
Rotwang's picture

The ECB doesn't own 10k tons.

The ECB + the national banks of the sovereign states within the EU do.

The German national bank alone has 3k tons+

Fri, 01/21/2011 - 16:51 | 894444 living on the edge
living on the edge's picture

The former President of Tunisia is rumored to have more gold than the US Treasury.

Sat, 01/22/2011 - 07:34 | 895519 Hephasteus
Hephasteus's picture

They gave the last of the gold to Dick Fuld for his toilet.

Fri, 01/21/2011 - 16:24 | 894348 DoctoRx
DoctoRx's picture

Alisdair MacLeod thinks China's #1 by a large margin.

Fri, 01/21/2011 - 15:00 | 894052 Temporalist
Temporalist's picture

What he said was spelled out for you but since you didn't get it the first time:

"There are numbers of us, myself included, who strongly believe that we did very well in the 1870 to 1914 period with an international gold standard." - Alan Greenspan

Fri, 01/21/2011 - 15:15 | 894106 Stevm30
Stevm30's picture

A "gold standard" means little if the banks are allowed to suspend specie redemption - as they did several times during those halcyon days - without going bankrupt.  Banks have NEVER been on a full reserve (ie real) gold standard. 

Fri, 01/21/2011 - 21:28 | 895024 Batty Koda
Batty Koda's picture

I'm becoming increasingly suspicious of all this talk about returning to a gold standard, seems to me like it's motivated by blind callous greed more then "liberty, prosperity, honesty, fairness, free markets, BLAH BLAH BLAH, YAK YAK YAK".

These guys who talk about gold as if it's will cure cancer are just out to make a profit on their investments in my opinion, they couldn't give a sloppy fuck about improving the living conditions of the poor. Fuck those hypocrites.

They might just be strolling straight into the power elites' trap. Who owns gold these days hmmm? China, central banks, the Vatican, CEO's, wealthy jews, heads of state. in other words THE POWER ELITE!

Same with the reactionaries in the Tea Party ("we need to cut medicaid or we'll become socialists!" But the banks can pound their hole and they don't care coz banks are free market enterprises... yeah right) , whereas they have the excuse of being braindead hicks, commentators on ZH however should know better.

Fri, 01/21/2011 - 23:51 | 895231 Al Gorerhythm
Al Gorerhythm's picture

Sounds as though you are pro theft of the workers property rights through taxation, inflation and then deflation. Your bleatings sound like you are a banker's whore; just in it for the money. 

I'll take profits as a gold investor, true, but underpinning my rights to make a profit in a "free market" system (gambling casino) is a philosophy (based upon the ideals of sound money principles) that proclaims the right of an individual to exchange his labor or efforts for some other form of property. That property is mine, without lein or obligation to any other party. My earnings are mine. The folk who legislated property rights into the constitution, were pissed off about having their property stolen as well. That in essence is the reason why gold and silver were made the coin of the nation. 

Don't shoot the victims of this robbery. Get a clue as to what the story is about and get some protection. I got some and looking at the record silver sales out of the mint this month, millions of others are doing the same. If every American did the same, there would be no need for this conversation.

Sat, 01/22/2011 - 13:58 | 895857 Batty Koda
Batty Koda's picture

Making a profit off gold investment is an intelligent move, what I have a problem with is people yapping about the need to return to "honest" money in order to regain "liberty". These people are either idiots or just don't care about anything other then themselves but cloak their agendas under the guise of liberty (their favourite word).

Returning to a gold standard would destroy what's left of the economy, killing billions of people. As I said previously it would also be a bonanza for the power elite.

Are you one of those people who think government is the root of all evil? That bankers and corporations care about you? That deep down people are compassionate angels but government corrupts them through "price controls"? If so you are in cloud cuckoo land.

Fri, 01/21/2011 - 14:44 | 893997 Hernando
Hernando's picture

Very good and truthful video. 

Fri, 01/21/2011 - 16:17 | 894337 TruthInSunshine
TruthInSunshine's picture

"Alan Greenspan says that The Federal Reserve is a dangerous entity to Americans, that ZIRP is hazardous to the economy, and that fiat currency allows for far too much manipulation...details at 11:00"

Sun, 01/23/2011 - 23:24 | 898056 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

This guy sounds better than CNBS's Joe :)

Here is a profanity laced tirade by Joe Rogan (of UFC fame) on the American war machine:

http://fedupmontrealer.blogspot.com/2011/01/joe-rogan-on-american-war-machine.html

I saw the video. I would give you a +10 for sharing that. Except that you linked it to someone's blog with the video embedded. And the embed wasn't working. Fucking idiot.

This is how you link: http://www.youtube.com/results?search_query=joe+rogan+american+war+machine

Or this: http://www.youtube.com/user/joerogandotnet#p/a/u/0/jl2JQfxnnHU

+1 anyway

Fri, 01/21/2011 - 13:05 | 893552 SheepDog-One
SheepDog-One's picture

Hey wheres all the uber bulls from last nite crowing about how great Google and Apple earnings were! Seems the worm has turned, tops in all over the place even on the FEDs darling stocks!

Sat, 01/22/2011 - 06:00 | 895469 Arkadaba
Arkadaba's picture

Paging Harry!

But seriously, I do wonder what is happening with the market reaction to Google. I think the realignment at the top makes sense. I do think Brin, at heart, is a research scientist and will do well in his new role. Page as CEO will have to prove himself. 

 

Fri, 01/21/2011 - 14:29 | 893952 tellsometruth
tellsometruth's picture

Greenspan on Fox Biz 1/19/11  ( just an excerpt cant find full, but hits the hiighlights mentioned in above article)

http://www.youtube.com/watch?v=yRJs5yL62BA

 

Fri, 01/21/2011 - 15:17 | 894117 Stevm30
Stevm30's picture

First step to a new gold standard - expropriate ALL of John Paulson's gold holding at $1200.

Fri, 01/21/2011 - 16:02 | 894277 gorillaonyourback
gorillaonyourback's picture

be weary of any man who owns a pig farm SNATCH.  this guy esposing a gold standard need to watch the secret of oz again cuz that video was against a gold standard.  It was a debt free money system that was the way to go

Fri, 01/21/2011 - 14:32 | 893960 tellsometruth
tellsometruth's picture

Greenspan on Fox Biz 1/19/11  ( just an excerpt cant find full, but hits the hiighlights mentioned in above article)

http://www.youtube.com/watch?v=yRJs5yL62BA

 

Fri, 01/21/2011 - 20:05 | 894850 Don Birnam
Don Birnam's picture

Scene from the MGM/FRB film, "Greenfinger" ( Directed by Peter Schiff )

Ben S. Bond [ lashed to a printing press...a watermark laser bearing down on his person ]:

"Greenfinger -- do you expect me to talk ?"

Aurick Greenfinger [ snickering, from behind a plexiglass-shrouded observation gallery; his protege, Blythe Galore, by his side ]:

"No, Mister Bond. I expect you to print !"

Sun, 01/23/2011 - 13:26 | 896998 Math Man
Math Man's picture

Where is the video?

The only Fox news interview I can find of Greenspan talking about the Gold standard was in 2007.

Why is an almost 4 year old video 'news'?

 

 

 

 

 

 

Fri, 01/21/2011 - 13:01 | 893536 homersimpson
homersimpson's picture

It's like Tony Montana starting a drug addiction support group.

Fri, 01/21/2011 - 13:06 | 893558 SheepDog-One
SheepDog-One's picture

No Manny, I said tell em you were in SANITATION, not a sanitarium...lucky for you they thought you were a horse and let you thru.

Fri, 01/21/2011 - 13:13 | 893572 Cognitive Dissonance
Cognitive Dissonance's picture

Greenspan (aka Tony Montana) to the FRN paper pushers. "Say Hello to my little friend."

Meaning (of course) Gold.

http://www.youtube.com/watch?v=MUh5yjwQzXc

Fri, 01/21/2011 - 14:54 | 894023 williambanzai7
williambanzai7's picture

Fri, 01/21/2011 - 14:59 | 894040 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Haha, +1

The little bullshit train that could.....

..until it couldn't.

Fri, 01/21/2011 - 15:20 | 894132 Hephasteus
Hephasteus's picture

Ya it's funny. You put their bullion banks in an arm bar and the bone cracks start popping like a machine gun and all of sudden they want to negotiate.

Fri, 01/21/2011 - 14:47 | 894003 wretch
wretch's picture

Why junk a Scarface reference?

Fri, 01/21/2011 - 15:16 | 894113 Cognitive Dissonance
Cognitive Dissonance's picture

The junkstas are out in force.

Fri, 01/21/2011 - 13:30 | 893676 The Limerick King
The Limerick King's picture

Could Greenspan be changing his ways

Regretting his Keynesian days

Does he really like gold

or has allegiance been sold

To whatever John Paulson now pays

 

Fri, 01/21/2011 - 13:40 | 893726 Larry Darrell
Larry Darrell's picture

Always enjoy the limericks, but the answer is NO, Greenspan doesn't regret his Keynesian days.  It has allowed he and his cohorts to gobble up all of the real wealth.

 

If he is switching his tune now, it is becuase the oligoplutokleptocrats have now amassed the highest percentage of physical wealth that this system can bring them without revolution.  When the switch is made however, due to thier manipulation of prices over the years, the wealth gap is increased.

 

At current values, they have 40% of the nations wealth.  At the "new & improved values" they will control 60% of the nations wealth.  J6P doesn't own in gold.

Fri, 01/21/2011 - 19:56 | 894834 Lord Koos
Lord Koos's picture

Greenspan, what an asshole.  It reminds me of Robert McNarama admitting that the Vietnam war was "a mistake" 30 years later, after the deaths of 60,000 American kids and millions of Vietnamese.

Fri, 01/21/2011 - 20:31 | 894902 Al Gorerhythm
Al Gorerhythm's picture

Yep, here comes the old switcheroo. First amass wealth using the printing press. Secondly, change the measure of wealth to gold. This ensures that when the paper loses its perceived value, when you change the yardstick to something that you have amassed, you still hold the bulk of wealth.

Join the brotherhood. Easy peasy.

Fri, 01/21/2011 - 13:45 | 893755 scythian empire
scythian empire's picture

Someone please tell Alan that nobody likes a turncoat.

Fri, 01/21/2011 - 15:18 | 894126 Cognitive Dissonance
Cognitive Dissonance's picture

This will be the second time because very early (meaning back in the 60's) he was in love with Gold. So he's just returning to his field of dreams. :>)

Fri, 01/21/2011 - 16:44 | 894420 DoctoRx
DoctoRx's picture

For all his many flaws as Chairman, Greenspan used a private gold standard as Fedhead.  The dollar price of gold was the same when he took over in 1987 as when he left.

I have read that Reagan liked the gold standard and wanted Greenie to replace Tall Paul because of the former's history as a hard money advocate.

Fri, 01/21/2011 - 23:27 | 895202 weinerdog43
weinerdog43's picture

I have read that Reagan liked the gold standard...

Whoop dee doo.  Ronnie also liked playing with monkeys. 

Fri, 01/21/2011 - 16:57 | 894462 bernorange
bernorange's picture

Bill Kristol has also come out recently preparing his audience for a gold standard:

http://www.weeklystandard.com/blogs/question-4_533776.html

Looks like the CFR/bilderbergers are sowing seeds in the US to prepare for Zoellick's (G20) plan to dissolve the dollar's role as the world reserve currency in favor of some new basket managed by a world central bank using gold as a measuring stick.  First steps to the "worldo" currency IMO.

We need Ron Paul to re-introduce H.R.4248 ( http://www.govtrack.us/congress/bill.xpd?bill=h111-4248 ) and find the political capital to get it passed.

Fri, 01/21/2011 - 20:40 | 894918 Al Gorerhythm
Al Gorerhythm's picture

Alan is a mouthpiece. He doesn't get to say shit without first getting the nod from above. Remember, he is a member of a closed brotherhood. There are more powerful "luminaries" than this bought and paid for, politically appointed, Quisling bureaucrat.

Sun, 01/23/2011 - 20:50 | 897866 web dizajn
web dizajn's picture

you have too high of an opinion of your countrymen. remmember that we're dealing with people with an attention span of a mosquito.

Fri, 01/21/2011 - 13:02 | 893539 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

Alzheimer is a bitch.

Fri, 01/21/2011 - 13:19 | 893622 Sean7k
Sean7k's picture

Lol. Only if you let them talk...

Fri, 01/21/2011 - 13:31 | 893683 tmosley
tmosley's picture

Rare is the time when Alzheimer's causes increased clarity.  He has regressed to a time prior to his corruption.

That, or he really was pulling Francisco d'Anconia act, on a much more massive scale than in Atlas Shrugged.

Fri, 01/21/2011 - 13:36 | 893708 DosZap
DosZap's picture

Either that, or he's in Remedial Dementia.

Fri, 01/21/2011 - 13:58 | 893817 Grifter
Grifter's picture

This might be the one of the greatest comments ever on ZH, and you guys have served up some gems.  I haven't laughed that hard since I was gifted a bag of grungy fungi in my early 20s.

Fri, 01/21/2011 - 13:57 | 893812 flacon
flacon's picture

+

Fri, 01/21/2011 - 14:50 | 894014 technovelist
technovelist's picture

That, or he really was pulling Francisco d'Anconia act, on a much more massive scale than in Atlas Shrugged.

Bingo. See http://www.gold-eagle.com/editorials_02/heller052102.html for an earlier discovery of this.

Fri, 01/21/2011 - 15:38 | 894195 tmosley
tmosley's picture

Nice find.  I immediately made the comparison when I first read Atlas Shrugged a few years ago.

I wonder if we will ever learn the truth?

Fri, 01/21/2011 - 23:29 | 895207 weinerdog43
weinerdog43's picture

I wonder if we will ever learn the truth?

You'll never learn the truth because you're too busy itching your ass.

Fri, 01/21/2011 - 15:06 | 894077 serotonindumptruck
serotonindumptruck's picture

Perhaps Greenspan is suffering from early-stage Alzheimer's disease. That certainly doesn't have to be a bad thing.

Before too long, poor ol' Alan will be fingerpainting the walls with his own feces, while trying to convince horrified onlookers that his fecal calculations form the basis of sound economic theory.

Fri, 01/21/2011 - 23:40 | 895225 Founders Keeper
Founders Keeper's picture

[Before too long, poor ol' Alan will be fingerpainting the walls with his own feces, while trying to convince horrified onlookers...]---serotonindumptruck

Trying to convince horrified onlookers with the same nebulous, evasive, non-sense with which he dazzled and confounded Wallstreet in the lead up to Tech Crash 2000. Remember those days? Jeez. Ego-Centric Bank Chairman.

 

Fri, 01/21/2011 - 15:46 | 894218 Temporalist
Temporalist's picture

No joke TM I have thought that for years.  He wants to be the one to stop the machine.  Who knows?

Fri, 01/21/2011 - 15:47 | 894223 DollarMenu
DollarMenu's picture

"That, or he really was pulling Francisco d'Anconia act, on a much more massive scale than in Atlas Shrugged"

I've thought that too, but still unresolved in my thoughts is his knighthood.

What service did he do for the English Crown that warranted that reward, and

would a d'Anconia stunt offset that?

Fri, 01/21/2011 - 13:02 | 893541 HelluvaEngineer
HelluvaEngineer's picture

As I explained before, we might get a gold based currency, AFTER the dollar effectively goes to zero.  These illuminati assholes have been accumulating it for years.  They will screw over your grandma, then cash in their gold for revalued currency.

Fri, 01/21/2011 - 13:02 | 893542 gold mining ceo...
gold mining ceos are idiots's picture

After reading this you must wonder, what exactly is happening here?

 

There has always been a belief that certain FED heads were always in favor of a return, Greenspan included.

 

What stopped them? Who stopped them? Is there some other entity pushing the strings here?

Fri, 01/21/2011 - 13:10 | 893576 HelluvaEngineer
HelluvaEngineer's picture

Yeah - they haven't screwed everybody over yet.

Fri, 01/21/2011 - 13:44 | 893753 dogismyth
dogismyth's picture

Cmon now...its the same old shit.  Another dog and pony.  Does anyone believe they have the best interest of YOU or the capitalistic system in mind?  I might agree to a gold standard if everyone must publically declare the amount of gold they hold, and have documentation to show that it was purchased legally.

And I want a fucking audit too!

The only solution is getting rid of these bitchez that have been around since the dawn of time.  Too much old blood running critical functions in the world.  THEY MUST GO.  I'm not even willing to listen to their solutions because they are a bunch of crooks...plain and simple.  They have this arrogance about them that what they speak will happen, or is gospel.  Kiss my fucking ass!!!  I will not listen to you, or even consider your solutions.

Of course, they will win because few give a shitz about the system but only care for their own well-being and how they are able to profit from the situation.

We are such an advanced society (technologically at least) that it befuddles me how gold has made simpletons and neanderthals out of most of you.

Fri, 01/21/2011 - 13:02 | 893543 TruthInSunshine
TruthInSunshine's picture

I'm sure The Bernank & Greenspun had a good chuckle talking to each other last night or this morning on the telephone.

Fri, 01/21/2011 - 13:36 | 893706 Arius
Arius's picture

bernanke on his camp? no way

Fri, 01/21/2011 - 13:43 | 893742 damnitalready
damnitalready's picture

B: Dude, you know what you did yesterday?

G: Oh no, don't tell me I streaked nekkid again...

B: You said we should go back to the GOLD STANDARD!

G: NO WAY! I was soooo drunk...

Fri, 01/21/2011 - 13:03 | 893544 Rodent Freikorps
Rodent Freikorps's picture

Greenspan found the Philosopher's Stone? That crafty bastard.

Fri, 01/21/2011 - 13:03 | 893546 Dr. Porkchop
Dr. Porkchop's picture

Yeah, but he's retired now, so he can safely say whatever the fuck he wants. Or, maybe he has dementia.

Fri, 01/21/2011 - 13:03 | 893547 Sudden Debt
Sudden Debt's picture

Why not? A gold standard is possilbe!

10.000 dollars backed by 1 gram of gold for example is possible.

 

Fri, 01/21/2011 - 13:09 | 893570 Rogerwilco
Rogerwilco's picture

"10.000 dollars backed by 1 gram of gold for example is possible."

Sure it is, as long as you my friend don't have even one gram of Au. The coming monetary system revisions will be more about control than debt reconcilliation or freedom of commerce.

Fri, 01/21/2011 - 13:19 | 893621 knukles
knukles's picture

I tell ya', I tell ya', it's all Biden's doings.

Press said today that Biden mentioned that there was serious discussions amongst the "Sherpas" about the yuan/dollar valuation dealie thingalamebob rates and maybe (rumor has it, don't know where I heard it other than another one of those voices in my head) included some discussion of gold.

The Chinese guy handed Biden a gold Panda, and Joe bounced that and a US Eagle in each hand and reluctantly agreed that there was little difference between the two.  He said that they're both nice and shiny, are a real pretty color and weigh about the same but the Teddy Bear is cuter.  And they "damn well better do sumptin' 'bout it 'cuz we're America and won't put up with that shit!"

Fri, 01/21/2011 - 13:23 | 893646 knukles
knukles's picture

Oh, and so now I hear they came to terms and agreed to stamp "blah blah blah blah..." on the rim of all the fiat coins from now on.

Every body's happy!
(sigh)

Fri, 01/21/2011 - 13:03 | 893548 lamont cranston
lamont cranston's picture

This is like Ernest T. Bass giving up rock throwing to become a plate glass installer.

Fri, 01/21/2011 - 13:29 | 893673 andybev01
andybev01's picture

Are you an old fart because you made that reference, or am I the old fart because I knew what you were referring to?

Fri, 01/21/2011 - 13:48 | 893769 Big Corked Boots
Big Corked Boots's picture

Thanks to the Interwebs we can call ourselves ageless.

http://en.wikipedia.org/wiki/Ernest_T._Bass

 

Fri, 01/21/2011 - 16:25 | 894352 lamont cranston
lamont cranston's picture

Proud to be a 57 yr old fart. Both my daughters do too. About time for my 8 yr old grandson to appreciate him too

Fri, 01/21/2011 - 13:03 | 893549 NOTW777
NOTW777's picture

The US owns nearly 263m troy ounces of gold (the world's biggest holder)

 

audit please

Fri, 01/21/2011 - 13:09 | 893575 SheepDog-One
SheepDog-One's picture

Didnt Zerohedge recently post that the supposed holding of US gold came to about $200 billion? I guess we can base a money system on gold, as long as bankers are willing to cut their pay to about $20K per year. They CAN have a gold standard, but theres not gonna be any bazillionaires!

Fri, 01/21/2011 - 13:38 | 893716 knukles
knukles's picture

"supposed"

Critical operative term of art.

Fri, 01/21/2011 - 14:21 | 893917 SingleCross
SingleCross's picture

Maybe a lot more under Chocolate Mountain, CA.

Fri, 01/21/2011 - 15:42 | 894211 perchprism
perchprism's picture

I prospected the Chocolates and Turtle Mts too.

Fri, 01/21/2011 - 13:05 | 893551 Rogerwilco
Rogerwilco's picture

Bread and circuses -- this one is in the "circus" category. Meanwhile the planning and looting continues behind closed doors.

Fri, 01/21/2011 - 13:19 | 893625 aheady
aheady's picture

Agree completely.

Fri, 01/21/2011 - 13:06 | 893554 goldmiddelfinger
goldmiddelfinger's picture

Government seizures will work better than a $6,300 reset. Count on it.

Fri, 01/21/2011 - 13:21 | 893617 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I'm evicting all you cats that only spit an ounce/And like a stripper you better bounce, diggity bounce...bounce....

I thought they knew, shorty!

Birdman - Always Strapped ft. Lil Wayne, Mack Maine :

http://www.youtube.com/watch?v=QG6b5ENtr74&ob=av3el

Fri, 01/21/2011 - 13:23 | 893643 goldmiddelfinger
goldmiddelfinger's picture

Go wind your doomsday clock and inventory your peanut butter hoard. You have no other talent.

Fri, 01/21/2011 - 13:31 | 893679 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Birdman - Always Strapped ft. Lil Wayne, Mack Maine:

http://www.youtube.com/watch?v=QG6b5ENtr74&ob=av3el

Fri, 01/21/2011 - 14:07 | 893858 goldmiddelfinger
goldmiddelfinger's picture
by Mr Lennon Hendrix
on Thu, 01/20/2011 - 22:26
#892229

 

FTD BTFPM!

Some things in life trigger response.  Death, birth, injury, ecstasy, and language.  From the sound of a baby's coo, to the baby's mother's response, to a poem being read

Fri, 01/21/2011 - 17:16 | 894528 StychoKiller
StychoKiller's picture

http://www.youtube.com/watch?v=cOUMvjw9RlA

Don't you two have a dungeon to go to somewhere?

Fri, 01/21/2011 - 19:21 | 894796 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You're welcome to join our club.

Fri, 01/21/2011 - 19:43 | 894821 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You're welcome to join our club.

Fri, 01/21/2011 - 20:48 | 894932 Al Gorerhythm
Al Gorerhythm's picture

Fixated troll. You got nuttin'.

Fri, 01/21/2011 - 21:55 | 895072 hardmedicine
hardmedicine's picture

Mr. Hendrix: does the Birdman have some important message in there somewhere? I guess I'm missing it!

Fri, 01/21/2011 - 13:24 | 893649 Mike7.62
Mike7.62's picture

Please explain how this would work. The mechanism by which .gov "seizes" and asset that is by its very nature unreportable. Door to door? Will they do the same for firearms? Do you think that there might be more than a little resistance and non compliance with another PEO? Do you think that those who hold gold will just hand it over?

Even if .gov becomes a total police state, PVC pipe and post hole diggers will hide the asset until better times reappear or flight becomes necessary. A 5000 mile land border and the same amount of shoreline precludes keeping the population from leaving, if only via shanks mare or boat. The current mess with our southern border is proof of this. There are not enough police and military to secure the border in any effective manner. If there were the border between Mexico and the US, and Afghanistan and Pakistan would be airtight. They aren't.

 

Again,please give details on how .gov will seize PM's, as those of us who have given this thought would enjoy hearing yours.

Fri, 01/21/2011 - 13:27 | 893661 goldmiddelfinger
goldmiddelfinger's picture

Do you do a lot of trading in cocaine?

Fri, 01/21/2011 - 13:33 | 893690 Mike7.62
Mike7.62's picture

No, but I have worked on the interdiction side, and can attest to how ineffective it is.

 

If all you have are insults with no real ideas, then you are confirming my impression that you are nothing but a troll. Please prove me wrong by giving us something of substance to back your assertions.

Fri, 01/21/2011 - 13:42 | 893735 goldmiddelfinger
goldmiddelfinger's picture

PART 406: SEIZURE AND FORFEITURE OF GOLD FOR VIOLATIONS OF GOLD RESERVE ACT OF 1934 AND GOLD REGULATIONS 

http://www.fame.org/HTM/PART%20406%20SEIZURE%20AND%20FORFEITURE%20OF%20GOLD%20FOR%20VIOLATIONS%20OF%20GOLD%20RESERVE%20ACT%20OF%201934%20AND%20GOLD%20REGULATIONS.htm

The New Deal and Roosevelt's Seizure of Gold

http://www.lewrockwell.com/anderson/anderson154.html

Socialism, Taxation, and Gold Seizures
by Jacob G. Hornberger

http://www.fff.org/blog/jghblog2008-12-30.asp

 

Fri, 01/21/2011 - 14:08 | 893864 faustian bargain
faustian bargain's picture

In order for a mass confiscation to work, they'll first have to demonize gold. Otherwise, it's a non-starter. Are you helping them do that, or hindering?

Fri, 01/21/2011 - 14:11 | 893882 goldmiddelfinger
goldmiddelfinger's picture

No kidding. There won't be a seizure and therefore there won't be a $6300 fix.

Fri, 01/21/2011 - 15:12 | 894095 faustian bargain
faustian bargain's picture

They'll have to print more gold if they want to avoid inflating its price in FRNs.

Fri, 01/21/2011 - 15:34 | 894182 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Give Bernake 15 minutes.

Fri, 01/21/2011 - 15:56 | 894255 faustian bargain
faustian bargain's picture

"Guys, the printer's out of gold."

"Just shake it."

Fri, 01/21/2011 - 17:19 | 894533 Cognitive Dissonance
Cognitive Dissonance's picture

That was easy!

Fri, 01/21/2011 - 14:11 | 893877 bronzie
bronzie's picture

there was only ONE legal prosecution of a citizen for refusing to turn in his gold - and he held his gold in a visible repository and shot his mouth off about how he wasn't going to turn his gold in

the citizens were far more compliant with govt in the 1930s than they are today and estimates are that only 30-40% of the circulating gold was turned in - I inherited a $10 gold coin that was not turned in - today people are far less compliant so voluntary redemption of gold would probably be 10% or less

besides that, the compliant sheep don't own gold anyway - the people who own gold seem to correlate very strongly with the people who own firearms ...

Fri, 01/21/2011 - 15:30 | 894172 DosZap
DosZap's picture

Despite the dire threat of ten years in prison there was only one prosecution under the order and the order was ruled invalid by federal judge John Wolsey in this case on the technical grounds that the order was signed by the President, not the Secretary of the Treasury as required.[1]

The circumstances of the case were that a New York attorney, Frederick Barber Campbell had on deposit at Chase National over 5000 ounces of gold. When Campbell attempted to withdraw the gold Chase refused and Campbell sued Chase. A federal prosecutor then indicted Campbell on the following day (September 27, 1933) for failing to register his gold.[2]

Ultimately the prosecution of Campbell failed but the authority of federal government to seize gold was upheld. The case forced the Roosevelt administration to issue a new order under the signature of the Secretary of the Treasury, Henry Morgenthau, which was in force for a few months until the

 

http://www.deadparrottavern.com/forum/showthread.php?17327-Executive-Order-6102-the-Gold-Confiscation-of-1933&p=215150

Fri, 01/21/2011 - 14:32 | 893962 Mike7.62
Mike7.62's picture

I'm very familiar with FDR's PEO and its consquences, as my grandmother had her gold seized by her bank manager when she went to retrieve it from he safe deposit box. I think you need to check on the compliance to the PEO though, as it was less than 40%.

The question remains however, even if .gov reintroduces the seizure statutes, how will they effect the seizure for those who don't comply? Door to door? How will they know, as most PM products do not have any means of being tracked? Other than passing another "law", how will they enforce it?

Fri, 01/21/2011 - 14:40 | 893989 goldmiddelfinger
goldmiddelfinger's picture

You're right! They couldn't enfore it and that was 1/2 my point. They couldn't establish a $6,300 fix without massive disruptions either so therefore neither scenario will occur and therefore no gold standard.

Fri, 01/21/2011 - 15:14 | 894104 faustian bargain
faustian bargain's picture

I get the feeling you don't realize the government and Fed are losing their grip on the economy. Massive disruptions could come a-knockin' with or without an invitation.

Fri, 01/21/2011 - 15:42 | 894210 DosZap
DosZap's picture

Mike,

How will they know, as most PM products do not have any means of being tracked?.

With the exception of cash only deals, and under $10k purchases,(many times less, depending on Dealers) if your dealing with a reputable dealer, you will give your SS#, and they DO send 1099's to the IRS.

If you are not filing your SOLD Cost basis v.s SALES Amount, and you have a profit, your in violation.

If you have a LOSS, up to (I think) 3k per yr, you can write it off just like Vegas losses.

Fri, 01/21/2011 - 16:11 | 894316 Temporalist
Temporalist's picture

IRS - "Turn in your gold."

The People - "My dog ate it."

Fri, 01/21/2011 - 19:47 | 894825 tmosley
tmosley's picture

"Feel free to dig through this dump truck full of dog shit until you find it."

"Don't worry, it's in there, just dig a little deeper."

 

Fri, 01/21/2011 - 16:35 | 894394 Mike7.62
Mike7.62's picture

Oh I totally understand the tax implications and how sales are tracked. What I'm speaking to is when one accumulates and holds physical PM's there is no tracking mechanism if you buy via cash from dealers etc., so no way that .gov will know who has what and in what quantities. If a PEO or law is passed or renewed that makes having PM's in possession illegal, then either hiding those assets or walking/riding/floating/flying over the nearest border to move the asset becomes a viable alternative, and one that .gov will have a very hard time in preventing without the total imposition of a police state and draconian restrictions on movement. If that occurs, then they will have many more problems than trying to track the less than 10% of the population who own physical PM's. It would be a very difficult and bloody endeavor, at least so it seems to me.

Fri, 01/21/2011 - 15:35 | 894185 SilverCoinLover
SilverCoinLover's picture

I'll bet that those who held gold back in 1934 were a lot more law abiding and trusting of the government than those who are holding it today, who are too smart to be fooled a second time.

Fri, 01/21/2011 - 15:47 | 894228 DosZap
DosZap's picture

After watching the clusterfoxtrot we have for a Gvt, you can bet you arse they will not.

Knowingly I have never (since a small child) stolen, or taken anything that was not mine.

As an adult, I expect the same treatment, I do not care who from.

If that is forced on me, consequences will be meted out, in my time.

The Mores and Values of 2010 are SO far removed from the NON welfare state of the 30's-50's, its laughable.(IF it were not so disgusting).

Fri, 01/21/2011 - 17:19 | 894536 quasimodo
quasimodo's picture

Ford repealed this back in '74(?) and FDR's bill would not apply to anything in the future. Congress also passed something a few years later that the prez can't do much unless it's war related.

Of course with a few pen strokes....

 

Fri, 01/21/2011 - 13:47 | 893767 DosZap
DosZap's picture

Mike,

Hello Mr.7.62x51........

There are not enough police and military to secure the border in any effective manner

Bingo, if just 10% of the American people say hell no, WHO is able to seize, take anything?.

Mike, being IN THE BIZ, knows far too well what that would entail.

We have the best military, PoPo's in the world, we also have 2 wars going on, and look what it took to finally get a leg up on Iraq, Trashcanistan is never going to be won, all we're doing there is killing good men and women.

Where you going to get the Willing folks to even try?

Suicide.

No way anyone wins in that country, sans Nukes.

And since we have pussies running that show, fergidabout it.

 

 

Fri, 01/21/2011 - 14:11 | 893876 DoChenRollingBearing
DoChenRollingBearing's picture

Spot on as always DosZap.  They can't seal the border and they can't round up the gold or the guns.

And I would bet that it is more than 10% of us who would NOT COOPERATE.

Fri, 01/21/2011 - 14:12 | 893888 bronzie
bronzie's picture

"They can't seal the border and they can't round up the gold or the guns."

300 million citizens - 400 million guns

you do the math ...

Fri, 01/21/2011 - 14:50 | 894012 JW n FL
JW n FL's picture

NOT ME!!!! they can have everything they find here in the Jurisdiction that is the U.S.!

and then... when I see that there are more than 4 people who have decided to get a fucking clue... a may very be inclined to drag my ass out of paradise to save my beloved country...

But understand this, a standing U.S. Army will / can and has the Authority to operate under a presidential order within our country... regardless of what the consititution says... google presidential emergency powers acts 1 thru infinity!

and for the nuke thing? I promise that if they cant have it, niether can you and we are the only country to use nukes openly in the past... think tactical nukes... think tomahawks flying caps at minimum speeds over where ever the crowds with guns may gather... every 2500 feet give them a blast area of?

wake the fuck up...

Fri, 01/21/2011 - 16:05 | 894289 serotonindumptruck
serotonindumptruck's picture

Afghanistan has never been fully subjugated and conquered, even when it was part of the Persian Empire. Historians disagree as to the level of success achieved by Alexander the Great in 330-327 B.C., with some claiming that Alexander's army encountered such fierce resistance from the indigenous tribes and clans in what is now known as Afghanistan, that he was forced to sanction marriages between his soldiers and the native women, thus enabling a tactical withdrawl of his army. The geography and extreme weather of Afghanistan also posed a huge problem for Alexander and his men, with many Macedonian soldiers freezing to death or suffering permanent blindness (snowblind) while marching through the mountainous regions of the Hindu Kush.

Afghanistan has never been conquered throughout recorded history. The West is delusional if they think that they will be the first to achieve such a victory.  

Fri, 01/21/2011 - 16:15 | 894331 Temporalist
Temporalist's picture

They just want to occupy it for the kleptocrats to rape the resources.  Like the Economic Hitmen always do.

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