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On The Triviality Of Campaign Promises And "Letting The Process Work Its Way Through"

Tyler Durden's picture




 

Statement 1

Statement 2

Statement 3

From AP:

"Treasury Secretary Timothy Geithner and National Economic Council
Director Larry Summers both sidestepped questions on Obama's intentions
about taxes. Geithner said the White House was not ready to rule out a
tax hike to lower the federal deficit; Summers said Obama's proposed
health care overhaul needs funding from somewhere.
"

 

 

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Sun, 08/02/2009 - 17:15 | 22463 Anonymous
Anonymous's picture

Who's surprised, raise you're hand?

Sun, 08/02/2009 - 18:44 | 22535 Fish Gone Bad
Fish Gone Bad's picture

I am thinking that Dennis Kneale is surprised.

Sun, 08/02/2009 - 17:17 | 22464 Anonymous
Anonymous's picture

The majority of Americans who voted for this crap are lol.

Sun, 08/02/2009 - 20:09 | 22586 Anonymous
Anonymous's picture

I voted for this crap and it is crap but it's the best crap we had to chose.

Sun, 08/02/2009 - 20:11 | 22588 Gilgamesh
Gilgamesh's picture

Not even close.  Plenty of other choices.

Sun, 08/02/2009 - 20:19 | 22599 Anonymous
Anonymous's picture

Name some please? -- McCain? Palin? I can think of one but he didn't stand a chance and that is Ron Paul. Absent him they are almost the same.

Sun, 08/02/2009 - 20:37 | 22611 Gilgamesh
Gilgamesh's picture

http://www.wnd.com/index.php?pageId=71830

 

But your statement says you are not open to anything other than (R) or (D) nominated.

Sun, 08/02/2009 - 20:39 | 22613 Anonymous
Anonymous's picture

How about increasing individually enforceable rights, you ignorant clod.

Sun, 08/02/2009 - 21:25 | 22650 aldousd
aldousd's picture

oh shit the slashdot crowd is wandering in...

Sun, 08/02/2009 - 20:48 | 22620 Anonymous
Anonymous's picture

To anyone who toes this line. Please grow a pair, and vote your conscience.

If every person I spoke with, that stated, "so and so cannot win", actually voted their conscience rather than being a two party lemming, it would have be a far different race. Perhaps nobody would have won.

Did anybody learn their fscking lesson?!?!?!?

Sun, 08/02/2009 - 23:21 | 22744 aldousd
aldousd's picture

I voted for Barr. He's not the 'perfect' guy by any means, but I liked what he had to say a lot better than any of the other ones running. So I gave my 'useless', 'futile' vote away. It's not like I feel like less of a man that I didn't pick the winner. 

Sun, 08/02/2009 - 21:09 | 22637 Anonymous
Anonymous's picture

Bullshit you pinhead.

McCain is not a fucking communist.

Mon, 08/03/2009 - 01:23 | 22807 Anonymous
Anonymous's picture

Right. He's actually douchebag.

I am Chumbawamba.

Mon, 08/03/2009 - 02:47 | 22822 Anonymous
Anonymous's picture

neither is obama you idiot

Sun, 08/02/2009 - 20:19 | 22600 Anonymous
Anonymous's picture

Name some please? -- McCain? Palin? I can think of one but he didn't stand a chance and that is Ron Paul. Absent him they are almost the same.

Sun, 08/02/2009 - 20:19 | 22601 Anonymous
Anonymous's picture

Name some please? -- McCain? Palin? I can think of one but he didn't stand a chance and that is Ron Paul. Absent him they are almost the same.

Mon, 08/03/2009 - 11:33 | 23025 Talkhard
Talkhard's picture

I wrote Ron Paul in. So did Mish. Anyone could have.  Why didn't you?

Mon, 08/03/2009 - 17:18 | 23430 VegasBD
VegasBD's picture

Depends on the state. Luckily i live in california and you could write him in.

 

Did i just say luckily i live in california? ughhhh

 

.

Sun, 08/02/2009 - 20:13 | 22590 Anonymous
Anonymous's picture

LOL WUT?!

Sun, 08/02/2009 - 20:19 | 22603 Anonymous
Anonymous's picture

Then stop choosing crap and demand more individually enforceable rights, you ignorant churl.

Mon, 08/03/2009 - 09:37 | 22895 Anonymous
Anonymous's picture

I love your statement. Roughly translated:

"Yeah, I wasn't too big on killing 20 millions Jews but hey, who else was there to vote for? The Centre Party? The The Communists? Sig Heil."

Sun, 08/02/2009 - 17:17 | 22466 Anonymous
Anonymous's picture

I have a proposal, let's emigrate en-masse to some small little country, so we make up 51% of the vote and start a New America after we overthrow the local government in the next election?

Sun, 08/02/2009 - 17:21 | 22470 Anonymous
Anonymous's picture

No honestly who would ditch USA for an independent liberitarian state outside of the UN and all the world politics, with a currency based on gold/silver?

Hmmm maybe we can take over Iceland or an African country?

Sun, 08/02/2009 - 17:49 | 22492 Project Mayhem
Project Mayhem's picture

project mayhem is SO there

Sun, 08/02/2009 - 17:50 | 22493 Anonymous
Anonymous's picture

I would, but you would have to expect that such a nation would quickly be attacked by nations that are run by bankers.

Sun, 08/02/2009 - 17:56 | 22501 Project Mayhem
Project Mayhem's picture

well I guess my remington 870 is no match for predatorDrone with darpa ai

Sun, 08/02/2009 - 18:18 | 22517 Anonymous
Anonymous's picture

No, but its better to be own some type of a gun than have nothing at all. At least that way you have a fighting chance.

Mon, 08/03/2009 - 01:25 | 22808 Anonymous
Anonymous's picture

Mossberg 590.

I am Chumbawamba. 8+1.

Sun, 08/02/2009 - 20:51 | 22623 Anonymous
Anonymous's picture

I will die on my feet, before I live on my knees

Mon, 08/03/2009 - 03:43 | 22829 Anonymous
Anonymous's picture

Here is wisdom. The axis of evil were countries that would not accept central banking. Nobody would claim these are great countries, but the concept of sovereignty and the real rule of law are disappearing. Many citizens applaud when it is a different country being subdued, but ask yourself about US sovereignty including our borders and individual rights. There are ways of taking down a country without military force.

Sun, 08/02/2009 - 18:18 | 22518 Anonymous
Anonymous's picture

Dominica is ripe for a libertarian takeover.

http://www.caribbeanlandandproperty.com/articles.php?19

Mon, 08/03/2009 - 06:01 | 22842 Anonymous
Anonymous's picture

Super tip, I'll be shoping there soon

Sun, 08/02/2009 - 17:22 | 22471 Anonymous
Anonymous's picture

the problem is, those days even small countries have large populations unless by small you mean CANADA or AUSTRALIA.

Sun, 08/02/2009 - 17:29 | 22479 Anonymous
Anonymous's picture

I mean you only need about 10 Billion to buy Iceland outright

A few wealthy individuals could do that

Sun, 08/02/2009 - 18:06 | 22507 Project Mayhem
Project Mayhem's picture

now here's an idea.  wait for sovereign currency crisis, then poor our money buy up the nation for pennies on the dollar.   hell we'd probably inherit the air force so we'd have a chance to defend it.

 

lets see -- who's on the potential short list for sovereign currency crisis -- which could be purchased by project mayhem and affiliated agencies and groups --

 

Hungary  (huge potential here, budapest is elite.  right on the river.  just forget the iconic image of Russian tanks rolling in.) 

Ukraine (project mayhem's home country.  plus tymoshenko is hot despite being an FSB agent. 

see: http://media.photobucket.com/image/tymoshenko/Hohopelli/General/yulia-ty...

Greece: though barely able to pay their hospital workers, and regularly scheduled riots by Debord influenced youth, Greece has some nice beaches.  Watch those sovereign CDS boys , it may be time to catch this falling knife!

Portugal : they've decriminalized all druq use.  we probably can get aphex twin to be secretary of state if we play our cards right.

 

Sun, 08/02/2009 - 18:09 | 22512 Anonymous
Anonymous's picture

When you say it like that ... the future looks very bright indeed

Sun, 08/02/2009 - 18:53 | 22539 Cheeky Bastard
Cheeky Bastard's picture

PM you are wrong ... i say Croatia ... at this moment is politically unstable, BUT it has 1500 miles of open sea, its in a strategically vital geopolitical position, it has about 25 000 square km of arable land, vast natural resources ( 3rd largest sweet water capacity in Europe ) and people are used to revolutions, they have one every 10 yrs on average + it is not in the EU, so banksters can do shit, and it has only 4 million people .... i say easy target ...

EDIT: + all new infrastructure needed for conducting business, but we would have to do something about the whole drug issue there. and if we put our minds into it we could rule the world :D

Sun, 08/02/2009 - 19:08 | 22548 Project Mayhem
Project Mayhem's picture

Croatia also has beautfiul women.  Anyone know where their sovereign CDS are trading?  

Sun, 08/02/2009 - 19:30 | 22566 Anonymous
Anonymous's picture

I vote for Hungary!

Sun, 08/02/2009 - 19:33 | 22570 Cheeky Bastard
Cheeky Bastard's picture

their women are butt ugly, and they have a very specific language unlike any other language in Europe, except finish ... its finno-ugric ... the language of Attila The Hun

Sun, 08/02/2009 - 20:01 | 22581 Project Mayhem
Project Mayhem's picture

well the one my best friend is marrying next week is hot lol    maybe she is the exception

Sun, 08/02/2009 - 20:08 | 22585 Cheeky Bastard
Cheeky Bastard's picture

the only kind of Hungarian women that are hot are porn stars; i saw a whole bunch of Hungarian chicks while i was setting up my Budapest office, and i can honestly say only Canadian chicks ( no offense ) can match that sort of ugly ... LOL

Sun, 08/02/2009 - 20:41 | 22615 Project Mayhem
Project Mayhem's picture

haha naw she is Croatian

Sun, 08/02/2009 - 20:57 | 22631 Cheeky Bastard
Cheeky Bastard's picture

i thought you were talking about Hungarian chicks ... my ex-almost-wife is croatian, and she is the meanest bitch i have ever met in my life ... and the hottest one too ... i love them ... i mean cro-chicks, mostly cutthroat bitches, but a connoisseurs pick when it comes to women ... and tell your friend i wish him all the happiness in the world, and luck .. hes gonna need it ...

Mon, 08/03/2009 - 02:08 | 22817 Anonymous
Anonymous's picture

You must have married my ex then.
If she likes to drink, thats the one.
I am Croatian, BTW and our police fought off the whole army, so do not expect to enslave us with buying. And btw, turisam was good this year so no collapse of Croatia yet

Mon, 08/03/2009 - 06:03 | 22843 Anonymous
Anonymous's picture

You got it all wrong it's not enslavement we seek, it's freedom from government and International bankers

Mon, 08/03/2009 - 07:46 | 22857 zeropointfield (not verified)
zeropointfield's picture

start to clean up your own country then.

Mon, 08/03/2009 - 14:58 | 23255 Anonymous
Anonymous's picture

I do not have a Country nor will I ever have one,I just want to own my own piece of land and pay no taxes

Mon, 08/03/2009 - 09:37 | 22896 Cheeky Bastard
Cheeky Bastard's picture

D00d, its not enslavement we seek, we wish to build a libertarian utopia with free market principles, liberated from bankers and money as debt ...

 

and yes, she drank like a 50 yo Russian lumberjack ...

Sun, 08/02/2009 - 19:31 | 22567 Cheeky Bastard
Cheeky Bastard's picture

YES THEY DO, YES THEY DO  my friend, i know from a vast personal experience ... and the last time i checked ( May this year ) it was 585 BS, but it has surely gone up by now with all the unstable political climate ....

Sun, 08/02/2009 - 20:14 | 22592 Anonymous
Anonymous's picture

It will be interesting what role the USA's massive stockpile of nukes have yet to play.

Sun, 08/02/2009 - 23:32 | 22751 Anonymous
Anonymous's picture

I anticipate BarriO selling our nukes.

Sun, 08/02/2009 - 23:23 | 22745 aldousd
aldousd's picture

LOL! aphex twin! haha.

Sun, 08/02/2009 - 19:38 | 22573 mil
mil's picture

Michael Bloomberg could do that and have money leftover.

Sun, 08/02/2009 - 17:50 | 22495 Gilgamesh
Gilgamesh's picture

Or just create a Galt's Gulch.

Sun, 08/02/2009 - 18:29 | 22524 Anonymous
Anonymous's picture

We could simply move to a large state with a small population, take it over, then secede.
A much better idea.

Mon, 08/03/2009 - 06:05 | 22844 Anonymous
Anonymous's picture

And have a 2nd civil war in America which we could not win?

Sun, 08/02/2009 - 19:45 | 22577 Anonymous
Anonymous's picture

Sad state of affairs that we're finding it necessary to have this discussion, even tongue-in-cheek. I've had similar ones with several friends.

Sun, 08/02/2009 - 21:42 | 22659 SWRichmond
SWRichmond's picture

Who's being tongue-in-cheek?  Ever hear of the Free State Project?

Sun, 08/02/2009 - 20:12 | 22589 Anonymous
Anonymous's picture

YES WE CAN

Sun, 08/02/2009 - 20:42 | 22616 Project Mayhem
Project Mayhem's picture

can i have some of your coke plz?

Mon, 08/03/2009 - 08:15 | 22858 Anonymous
Anonymous's picture

Canada it is!

Mon, 08/03/2009 - 17:19 | 23433 VegasBD
VegasBD's picture

New Zealand.  If youre gonna use a fiat, at least they keep it worth something.

Sun, 08/02/2009 - 17:19 | 22467 Anonymous
Anonymous's picture

Obama needs to be stopped, by any means necessary.

Sun, 08/02/2009 - 20:56 | 22630 Anonymous
Anonymous's picture

Shh..."they" are listening

Sun, 08/02/2009 - 17:20 | 22469 Anonymous
Anonymous's picture

Bend over Bubba.

Sun, 08/02/2009 - 17:24 | 22473 Anonymous
Anonymous's picture

The reason for pushing the health care reform is to raise taxes under that pretext and let health care go to dogs.

Sun, 08/02/2009 - 19:20 | 22558 Anonymous
Anonymous's picture

now you're getting on the right track - these folks are nobody's fools

Sun, 08/02/2009 - 17:25 | 22474 Anonymous
Anonymous's picture

LOL!

Oh, shit...

Sun, 08/02/2009 - 17:25 | 22475 Anonymous
Anonymous's picture

"What does he actually seek to accomplish after he's done turning back the waters and healing the planet? The answer -- the answer is to make government bigger and take more of your money and give you more orders from Washington and to reduce the strength of America in a dangerous world."

Who said.

Sun, 08/02/2009 - 17:38 | 22483 old felix
old felix's picture

Q. How can you tell when any politician is lying?

A. His/her lips are moving.

 

<a href="

http://jobview.monster.com/getjob.aspx?JobID=82289270&brd=1&re=515,14&q=...

">Are you age 17-35 and looking for work?</a>

Benefits

·                   Paid training

·                   A monthly paycheck

·                   Montgomery G.I. Bill

·                   Up to 100 percent Tuition Assistance for college or vocational training (up to $4,500 per fiscal year, 1 October – 30 September)

·                   Retirement benefits for part-time service

·                   Low-cost life insurance (up to $400,000 in coverage)

·                   401(k)-type savings plan

·                   Student Loan Repayment Program (up to $50,000, for existing loans)

 

Requirements

·                   High School Diploma or GED (If you do not have a diploma or GED, you may still apply – ask a recruiter about how the Army National Guard can help you earn your GED.)

·                   Must be between the ages of 17 and 35

·                   Must be able to pass a physical exam and meet legal and moral standards

·                   Must meet citizenship requirement.

 


Sun, 08/02/2009 - 18:13 | 22514 Anonymous
Anonymous's picture

don't forget your vaccine testing...ummm innoculation

Sun, 08/02/2009 - 21:16 | 22644 NRGTDR
NRGTDR's picture

OLD FELIX:

May I suggest you should have pointed out the job title and description:

Job Title: Corrections Officer – Internment/Resettlement Specialist

Job Description

As an Internment/Resettlement Specialist for the Army National Guard, you will ensure the smooth running of military confinement/correctional facility or detention/internment facility, similar to those duties conducted by civilian Corrections Officers. This will require you to know proper procedures and military law; and have the ability to think quickly in high-stress situations. Specific duties may include assisting with supervision and management operations; providing facility security; providing custody, control, supervision, and escort; and counseling individual prisoners in rehabilitative programs.

 

By joining this specialty, you will develop the skills that will prepare you for a rewarding career with law enforcement agencies or in the private security field

 

Coupled with this story out of Texas:

 

FEMA report detailing Palmer ‘population removal’ section missing

JOEY G. DAUBEN
The Ellis County Observer

PALMER, TEXAS – The Federal Emergency Management Agency’s reports of how to mitigate potential civil uprisings and disasters have sections dealing with the mass relocation and confinement of citizen populations: except in Palmer.

The City of Palmer and the Palmer Police Dept., according to a former reporter for The Ellis County Press who requested the FEMA documents for three months, have the federal plans but the section instituting population relocations came up missing.

“I have already talked to [Palmer PD Chief Mike Zaidle] about FEMA in Palmer the section of the emergency management plan regarding moving people into camps is totally gone from the 3 inch binder,” said Brandy Owen, the former reporter who penned a series of articles on the Trans Texas Corridor last year. “There is a chapter or [section in] it but the section is gone from the plan.

“He [Zaidle] is quite aware of federalization and says he has tried to be ‘compliant’ and make proper arrangements for housing people in the high school gymnasium and other places,” she said. “FEMA always tells him his plans are inadequate.”

Recently, plans were announced by the Ellis County Sheriff’s Office to team up with local church pastors for a “safety seminar.” Some critics of the federal government plans involving local police agencies and churches cite FEMA’s attempt to “quell” dissent and facilitate the confiscation of guns from private citizens.

“A shocking KSLA [Shreveport] news report has confirmed the story we first broke last year, that Clergy Response Teams are being trained by the federal government to ‘quell dissent’ and pacify citizens to obey the government in the event of a declaration of martial law,”

You guys can do a lot of other research to back this all up. Myself, I do an immense amount daily research to get an edge trading energy. Over the last few years it became quite evident what was coming, when it was coming, and the government has benen planning for it on all levels for quite some time. Bush laid the ground work. Now, Obama is going to finish the job. It will be so much easier to do so because the people have elected what they think is change. But,he PTB know that they can maintain that illusion for only so long until there are pitchforks in the street. Look for a major-and I mean MAJOR- distraction to clamp it all down, take away our rights, and hit the reset button and consolidate this all under some global scheme. Keep up the good fight my friends.

 

Sun, 08/02/2009 - 21:42 | 22658 Anonymous
Anonymous's picture

What the fuck... Looks like the government is getting ready for something.

Sun, 08/02/2009 - 21:52 | 22665 Cheeky Bastard
Cheeky Bastard's picture

O_O

 

it is one thing when they only do basic training with current staff, but it is a whole new ball game when they are actually looking to employ new people .... i can only say ... I'm soooooooooooooooooo glad i don't live in the US and A .... i had my fair share of camps when i was i kid ( no; not the Nazis or the Russians ) and when you have seen one camp, you've seen them all ...

Sun, 08/02/2009 - 23:29 | 22748 aldousd
aldousd's picture

Any other employer but Uncle Sam would be in deep shit for this one:

"Must be between the ages of 17 and 35"

and this one:

"..and moral standards"

Sun, 08/02/2009 - 23:33 | 22752 Anonymous
Anonymous's picture

You don't need to be a citizen to enlist...this is the fatal flaw the Romans did too.

Sun, 08/02/2009 - 17:42 | 22486 Gilgamesh
Gilgamesh's picture

This plays in my head everytime I hear a Washington leader speak:

http://www.youtube.com/watch?v=qJP2PH8WKaI

 

Sun, 08/02/2009 - 17:49 | 22490 Econofresh
Econofresh's picture

In the 90's we have seen the same thing happening. I remember we suddenly got 2 taxbills, and since then we never really got rid of it. We still pay 57% taxes on our salery and now during this crisis, they are yet again speaking of raising taxes.

When we go to fill up our car, I pay about 72 euro for a full tank. thats about 100 dollars.

I make 5200 euro a month, and when at the and of the month that leaves me 2200 euro.

Sure we have "free" health care. It only costs me 150 euro a year. But I also have a extra insurance that costs me 100 euro a month. Because if your hospitalized and only have state care, well, lets put it like this: I hope its not serious because they only let you have so much.

Pension? They just blew that fund to save our banks. And if you would look to our banks, they are in a lot worse shape than american onces.

 

So when people talk of green shoots. I say this: we will be paying for those weeds for decades to come!

The only real way to save for our pensions was by building a house, pay for it our whole lives, and when you strike 65, you sell it and start EATING IT UP TILL YOU DIE!

And what is left, your kids will inherit after paying 60% taxes on it.

Don't we all love kapitalisme?

Sun, 08/02/2009 - 17:48 | 22491 Anonymous
Anonymous's picture

Obviously these clowns haven't studied the Japanese lost decades where government spending and zombie banking props are the eCONomy, ever time they tried to reign in the deficit the economy imploded again. Keep trying to kick that can down the road baby.

Sun, 08/02/2009 - 17:50 | 22494 Anonymous
Anonymous's picture

Oh goodness - how soon we forget the "libertariansim" of folks like Alan Greenspan -- no theory is easier for the devil to quote for his own purposes.

Taxes I can take -- using my tax money to bail out rich idiots and thieves who add no value to the economy other than to line their own purses -- this is what happened under the guise of libertarian deregulation (which if we can get empirical for just one teeny moment, leads us right down the road to kleptdom every damn time).

Just one way to stop it - a strong set of laws with long sharp teeth.
He doesn't need to turn into Ayn Rand, he needs to turn into Teddy Roosevelt. Fast.

Sun, 08/02/2009 - 18:49 | 22538 Anonymous
Anonymous's picture

Greenspan was anything but libertarian. He was a central banker. How can a central planner possibly be called a libertarian? They are diametrically opposed.

Sun, 08/02/2009 - 21:54 | 22666 Anonymous
Anonymous's picture

May be being a central banker will hasten his ideological cause and he did cause much of the problems we now have.

Sun, 08/02/2009 - 20:43 | 22617 Gilgamesh
Gilgamesh's picture

Hope that was satire.

Sun, 08/02/2009 - 17:50 | 22496 Anonymous
Anonymous's picture

Oh goodness - how soon we forget the "libertariansim" of folks like Alan Greenspan -- no theory is easier for the devil to quote for his own purposes.

Taxes I can take -- using my tax money to bail out rich idiots and thieves who add no value to the economy other than to line their own purses -- this is what happened under the guise of libertarian deregulation (which if we can get empirical for just one teeny moment, leads us right down the road to kleptdom every damn time).

Just one way to stop it - a strong set of laws with long sharp teeth.
He doesn't need to turn into Ayn Rand, he needs to turn into Teddy Roosevelt. Fast.

Sun, 08/02/2009 - 17:50 | 22497 Robert Oak
Robert Oak's picture

Even worse, now Geithner is claiming we "must reduce the deficit" for "economic growth".....after creating the biggest wealth transfer to corporations in history.

Sun, 08/02/2009 - 18:04 | 22506 Anonymous
Anonymous's picture

They're just memedropping to sound responsible.

Sun, 08/02/2009 - 18:06 | 22508 Gilgamesh
Gilgamesh's picture

Don't forget how they are all committed to a Strong Dollar.

Sun, 08/02/2009 - 18:33 | 22528 Anonymous
Anonymous's picture

The thing is that their idea of reducing the deficit is reducing it to $1.8 trillion from 1.9 trillion.

Sun, 08/02/2009 - 17:53 | 22498 Project Mayhem
Project Mayhem's picture

Trillions for the corrupt elites --  crumbs for the landless peasant serfs  -- what else is new?

 

Oh wait , forced vaccination that's new.  Oops Wrong board for that!  Hmm  Oh man is anyone else excited about dollar breaking below 78.5?   What say you ZH readers -- fake-out , or intermediate term decline to 71?

Sun, 08/02/2009 - 18:07 | 22510 Gunther
Gunther's picture

I am not exactly excited about the $ breaking 78.5.

To me it looks like a line of defense that is almost broken. Someone tries to bid the dollar up but gets overwhelmed by the selling again and again. My guess is a move down, below 71.

Sun, 08/02/2009 - 19:32 | 22568 Gilgamesh
Gilgamesh's picture

Dollar is getting smoked at the moment (check it out in overseas trading now).  70.70 is looking like in the cards.

Sun, 08/02/2009 - 20:04 | 22583 Project Mayhem
Project Mayhem's picture

What data source are you using?

Sun, 08/02/2009 - 20:13 | 22591 Gilgamesh
Gilgamesh's picture

FX trading platforms.  But without those, http://www.goldseek.com/quotes/charts/usdollar/usdollarindex1hour.php runs on a 10 min delay.  Others might have a better link for free use.

Sun, 08/02/2009 - 20:29 | 22608 Project Mayhem
Project Mayhem's picture

Thanks

Mon, 08/03/2009 - 06:47 | 22849 Gunther
Sun, 08/02/2009 - 17:55 | 22500 Anonymous
Anonymous's picture

....your lips move but i can't hear what you're saying.....

Sun, 08/02/2009 - 17:59 | 22503 Anonymous
Anonymous's picture

Can someone please just let me know when my Mom should cash in her IRA? After that, I won't give a fuck what these people do.

Sun, 08/02/2009 - 18:14 | 22511 Project Mayhem
Project Mayhem's picture

I got my pplz to move their money from stocks to cash and precious metals about 10 months ago.  They are still thanking me lol.   For cash, we put some in physical USD, and some in short-term CDs at a reliable local bank with low CRE exposure. For precious metals, we put it in one ounce investment coins.

 

I'd weight slightly more towards cash at the moment, but I definitely wanted both because they hedge each other through inverse correlation.   Btw this ain't investment advice, it's just what I did.

Sun, 08/02/2009 - 18:16 | 22516 Anonymous
Anonymous's picture

So whats happens during a bank holiday.. do they call all gold and silver in from individuals?

Sun, 08/02/2009 - 18:22 | 22519 Project Mayhem
Project Mayhem's picture

I think it would be nearly impossible to enforce that.  You would see seizure of the ETFs and a 'force majeure' on the comex before you see an attempted repeat of 1933. 

Sun, 08/02/2009 - 19:09 | 22551 Anonymous
Anonymous's picture

Given she missed the mark 10 months ago :) - Now WHEN do I tell her to pull out of the IRA? I think she lost like over half the retirement my dad set away for her.

Sun, 08/02/2009 - 19:21 | 22557 Project Mayhem
Project Mayhem's picture

Well to be honest my projections are to see the S&P retest the 666 low by the end of the year.  So I'd sell any general stocks asap --   you should not be in these markets unless you are a trader.  There has been huge insider selling during this engineered rally.  The problem is convincing someone who's lost 20-40% that the markets will actually be going much lower.    This is hard to do considering the massive media propaganda machine spewing blather to the contrary,.

 

I mean yeah, this rally might run another few weeks.   To be honest I'm surprised it has run as long as it has.   But something has to give.   Either the  A) the US Treasury Complex,  B) US Dollar,  or C) Equities.    Or some combination of A, B and C.   So personally, if I had money in, I'd get out of the stock markets entirely, immediately.   I much prefer currency risk to market risk -- especially if my currency risk is hedged with precious metals or foreign currency.

 

What are you going to do when the markets finalize realize they are trading on a fantasy with P/E of somewhere between 20-100x depending on who's counting and how?   This is a minimum 40-50% decline from where we are now.   I say sell the stocks immediately and move the IRA into cash and precious metals.  You want that money back and immediately accessable in case you need it.  Things are going to get dicey over the next 18 months.

 

Sun, 08/02/2009 - 19:21 | 22559 Anonymous
Anonymous's picture

I was hoping it would hit 10 again and she could recoup some of her losses. She has about a quarter mil (I think) in the IRA - but she and my dad always lived very tight. She's not wealthy - that money was supposed to extend over a period of years.

She's VERY stubborn. And also doesn't want to lose it all to taxes.

Should she just pull it all out and put it in CDs, or buy kugerrands? I know this isn't a site to ask for investment advice - but I get worried any time the media says the economy is rebounding, given they tend to lie about everything.

Sun, 08/02/2009 - 19:26 | 22560 Anonymous
Anonymous's picture

Also, how'd they go about fucking her out of her IRA? I thought that type of investment, while still an investment/risk, was supposed to be fairly safe. I think all of her money is Fidelity.

Sun, 08/02/2009 - 19:40 | 22575 Project Mayhem
Project Mayhem's picture

Well considering the rally is just about exhausted from multiple perspectives, I'd put in a sell order tomorrow if it was me.  Yes of course we could his 10k on Dow, youd make an extra 10-12%, but is the risk/reward here worth it?   Probably not considering we could see a relatively quick decline down to 7.6k then next stop is around 5.5k in terms of technicals if my memory serves me properly.   Anyway , things like IRA or 401k requests take several weeks to process.  Plus the risk is to the downside at this point.  Timing an exact top or bottom is notoriously hard to do.

 

Losing it to taxes sucks yes.  But in this sort of environment you want return 'of your money' rather than return 'on your money'.  If there is a way to roll this IRA over into cash that may be a decent alternative.  You may have to switch custodians though.  So this would be paperwork hell, hours on the phone probably,  but personally I'd think it's worth it.  Even if you can't move any of the IRA into precious metals, it's safer and more liquid to have your IRA in cash or short term CDs.  You can always take some from of your regular savings to purchase some PMs to hedge the potential currency risk.   

 

Sun, 08/02/2009 - 19:45 | 22578 Anonymous
Anonymous's picture

Cool - given they haven't implemented the PM system in Drupal, would you mind emailing me at msjwarez69@gmail.com. Thanks - gf is rushing me out the door for some get-together or whatnot :) Thanks for all the info.

Sun, 08/02/2009 - 20:40 | 22614 Anonymous
Anonymous's picture

She can open a precious metals IRA with any of a number of institutions that offer it. Sterling Trust in Waco TX is one of a few and is where I opened mine. She would have to first open an account at Sterling and transfer her IRA funds from her current institution. Once the funds have been transferred, she'll need to arrange for the purchase of the gold (not sure if they take silver) and get an invoice from the gold dealer to Sterling so they can write a check for the gold directly. The gold is ultimately housed at Fidelitrade in Delaware. It took a few weeks to get it all done but it was worth it. I bought the gold through Blanchard but she would just need to get the gold dealer to hold off on receiving payment until you can get the invoice over to Sterling. I actually gave my Sterling account number to the dude at Blanchard and he worked with them to get it done.

Mon, 08/03/2009 - 03:24 | 22826 Anonymous
Anonymous's picture

OK. now you're losing me. The reason to own gold is in case the whole economy goes to shit. Unless you have physical possession of the metal, all you've done is traded for a piece of paper that constitutes a promise.

Mon, 08/03/2009 - 06:13 | 22845 Anonymous
Anonymous's picture

Correct, but our idiotic tax laws preclude one from holding physical in their possession if it is supposed to be in your IRA. The "funds" (in whatever form) have to be in the hands of the custodian.

There is actually a way to legally hold physical, but it requires some work.

1) Incorporate.
2) Issue stock, give yourself all of it.
3) Direct your custodian to invest all your money in shares in your corporation.
4) A check for your money arrives. Cash it, take the funds to the metals dealer and buy physical.
5) Put it in your safe (and check to make sure your gun is loaded and at the ready) or get perfectly well ahead of the curve and flee the country with your gold while it's still possible.

There is at least one company I've found on the web that will do all this for you, from 1-5.

Or you can do like I did and just cash out your IRA, plow it into gold/silver, and then sit tight and hope to outlast this current regime so that the IRS will never be an issue.

I suggest a 60/40 split in gold/silver bullion. When silver shoots up it will outperform gold hugely. At that point you will want to sell your silver into gold, and then laugh maniacally as you celebrate your filthy lucre.

PHYSICAL BULLION ONLY. ETFs and other such nonsense and gimmicks are NOT pyhysical.

Mon, 08/03/2009 - 06:18 | 22847 chumbawamba
chumbawamba's picture

If I had been logged in, I would have concluded by telling you that I am Chumbawamba.

Sun, 08/02/2009 - 21:18 | 22645 Anonymous
Anonymous's picture

I have no predictive powers in this mess but my gut says market sees 10,000 before collapsing NEXT YEAR.

Why is the collapse so long away? Because this shell game seems to have legs. The government literally seems to be able to backstop every single thing that should have been left to the free market.

It is corrupt, it is terrible, it is a scam, and the Obamunists are determined to keep doing it and the sheeple are looking the other way.

It will fail in the end, but not just yet.

This is definitely not advise for anybody's mom to follow! LOL.

Mon, 08/03/2009 - 06:14 | 22846 Anonymous
Anonymous's picture

Oh, and I am Chumbawamba.

Sun, 08/02/2009 - 18:22 | 22520 Sancho Ponzi
Sancho Ponzi's picture

Here's the link to CNN's poll grading Obama's second 100 days in office. Make your voice heard. 

http://reportcard.cnn.com

Sun, 08/02/2009 - 18:23 | 22521 Anonymous
Anonymous's picture

I heard Alan Greenspan declare economic collapse to be "off the table" this morning. Such power. Stephanopolis was in awe. I laughed. What really seems to scare him is further real estate price declines. I wonder where he lives.

Sun, 08/02/2009 - 18:27 | 22522 Anonymous
Anonymous's picture

Freedom is just another word for "nothing left to lose".

Can we run a chart on how many are left to steal from?

Sun, 08/02/2009 - 18:29 | 22523 Anonymous
Anonymous's picture

The tipping point cometh.

Sun, 08/02/2009 - 18:38 | 22529 Anonymous
Anonymous's picture

"No no new taxes" is a double negative.

Sun, 08/02/2009 - 18:39 | 22530 Anonymous
Anonymous's picture

.... A politician lieing ?!?!?!?!?

I am shocked .... SHOCKED !!!!!

Sun, 08/02/2009 - 18:41 | 22531 Anonymous
Anonymous's picture

Obama is the only idiot who believed that

Even crackheads knew he was full of cr@p !!!

Sun, 08/02/2009 - 18:41 | 22532 Anonymous
Anonymous's picture

2010 is a lot closer than the Democrats want

Sun, 08/02/2009 - 18:55 | 22540 MinnesotaNice
MinnesotaNice's picture

Not close enough...

Sun, 08/02/2009 - 18:55 | 22541 MinnesotaNice
MinnesotaNice's picture

Not close enough...

Sun, 08/02/2009 - 18:54 | 22542 MinnesotaNice
MinnesotaNice's picture

Not close enough...

Sun, 08/02/2009 - 18:42 | 22533 Anonymous
Anonymous's picture

can we please stop sucking the dick of wealthy people.

http://tinyurl.com/nqnckd

Sun, 08/02/2009 - 18:43 | 22534 Anonymous
Anonymous's picture

Obama has proven again the old adage

Politicians are liars

Sun, 08/02/2009 - 18:44 | 22536 Anonymous
Anonymous's picture

Self-honesty has to precede honesty in Washington

Sun, 08/02/2009 - 18:47 | 22537 Anonymous
Anonymous's picture

Obama is full of crap

Sun, 08/02/2009 - 18:57 | 22544 primus
primus's picture

There will be more taxes, with or without healthcare. It's either that or a bond market / currency implosion. 

It's like we are all caught up in an Orwell novel. They know the economy is ruined, but no one has the foritude to step up to the mic and be honest about it. The hustle just won't stop until the middle class is completly penniless. 

The lines from the shelters, pawn shops and soup kitchens may stretch from the Golden Gate to the Statue of Liberty, but the perennially upbeat predictions of a "bottom in housing" or an "economic turnaround" will continue to blast from every media bullhorn in the nation. America's financial media and elected officials are a never ending source of baseless optimism and hogwash.

Sun, 08/02/2009 - 22:02 | 22677 SWRichmond
SWRichmond's picture

"There will be more taxes, with or without healthcare. It's either that or a bond market / currency implosion."

Absolutely correct.  And as far as I am concerned healthcare IS a tax increase disguised as a social program.  We will all pay more and get less, and guess who gets the difference?

Sun, 08/02/2009 - 18:58 | 22545 Anonymous
Anonymous's picture

None of the health care plans currently tabled suggest a tax increase on those earning under $250k annually, although Repugnicans would love to see Obama forced to capitulate on a campaign pledge.

Sun, 08/02/2009 - 21:22 | 22646 Anonymous
Anonymous's picture

Last time I checked, Obamunist has broken dozens of campaign pledges with not a squeak out of the liberal media machine.

Sun, 08/02/2009 - 22:09 | 22684 Anonymous
Anonymous's picture

While you two bicker about republicans and democrats and the orthogonal distinction between these two entities, you fail to realize that both parties have done equal and irreparable harm to this country over the last 110 years. While we are stuck arguing the philosophies of these parties, which is a distraction, mind you, the real treason is being committed by these two parties.

http://video.google.com/videoplay?docid=-8484911570371055528

Mon, 08/03/2009 - 05:26 | 22840 Anonymous
Anonymous's picture

That's the idea at the top.

Worked splendidly for Caesar. (or was that my math teacher?)

Divide and Conquer.

"There is great profit in conflict, chaos, and confusion".

Not so much in peace, serenity and comfort.

Sun, 08/02/2009 - 19:05 | 22546 Anonymous
Anonymous's picture

**Warning** Blatant Self-promotion:

My post on crisis branding.

http://culturedistillery.wordpress.com/2009/08/01/worth-watching-our-bra...

Sun, 08/02/2009 - 19:13 | 22553 Gilgamesh
Gilgamesh's picture

If only he would hold a non-scripted, non-planted Town Hall, that would be worth watching.  Hopefully like these:

 

Bishop:

http://www.youtube.com/watch?v=UOLs7Cybnqw

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

MacCaskill:

http://www.youtube.com/watch?v=y98HxYbsdBM

http://www.youtube.com/watch?v=qn71-wNccsw

Ellison:

http://www.youtube.com/watch?v=S8VU_dS_3OU

Sun, 08/02/2009 - 19:13 | 22554 buzzsaw99
buzzsaw99's picture

They raise taxes I work less. Funny how that works. If they keep pushing I'll go on the welfare.

Sun, 08/02/2009 - 19:28 | 22563 Anonymous
Anonymous's picture

That is so true. I recently told my employer that I will hang it all up and become a bum if they hit me with another pay cut. Why the hell not? All my bullshit debts are based on my pre collapse income. If they raise taxes right now, I think that may be the straw that breaks the camels back.

Sun, 08/02/2009 - 19:53 | 22579 buzzsaw99
buzzsaw99's picture

I don't have to work. It would be oh so easy to show no visible means of support. Those assclowns think they make all the decisions?

Sun, 08/02/2009 - 19:15 | 22556 Anonymous
Anonymous's picture

Ex-Fed chief says economic downturn's end is near

http://www.sddt.com/News/article.cfm?SourceCode=20090802fb

m-fer

Sun, 08/02/2009 - 19:28 | 22562 Anonymous
Anonymous's picture

Won't be long and the only people working to pay taxes are going to be government employees, bankers and people working in industries propped up by the government.
Sound like fun, think I'll sit home on my ass and watch Fuck'em!

Sun, 08/02/2009 - 19:32 | 22565 DaLev
DaLev's picture

Loss Giving

Do you want to know what the "rally" from march till now did....

Have you ever heard of 'Loss Giving'?

Tell me why the news never reports...."Today the market rose due to loss giving"

They have no problem saying "The market fell on profit taking"

Another way to think of it....when the market rises someone is inducing buying at a higher price then the current shareholders bought at....hence the current shareholders are infact taking (or locking in) profits. So, when the market rises, people are taking (or realizing profits) and the new buyers are infact loss giving as they are buying at prices higher than what the current holders think it is worth...hence the newbies are the Greater FOOLS

Keep an open mind the the manipulation of everything by the press, remember, believe nothing you hear, and only half of what you see.  Remember, the HTF is faster than the eye.

Sun, 08/02/2009 - 22:23 | 22701 Anonymous
Anonymous's picture

What is loss giving ?

Reflation by flooding the market with freshly printed money ? But for how long, before profit taking kicks in

Sun, 08/02/2009 - 19:33 | 22569 Anonymous
Anonymous's picture

I don't see what the big deal is Goldman paid 1%...that's fair!

Sun, 08/02/2009 - 20:34 | 22609 Project Mayhem
Project Mayhem's picture

I hear they pay their taxes in freshly extracted blood from innocent children.   Vampire squid needs to feed.

Sun, 08/02/2009 - 19:39 | 22574 Anonymous
Anonymous's picture

VAT may be the answer and as usual the poor and middle class get the shaft

http://www.cnn.com/2009/POLITICS/08/02/geithner.economy/index.html

Sun, 08/02/2009 - 20:02 | 22582 Miles Kendig
Miles Kendig's picture

I say that all of the "support" from the fed, fdic, occ and the rest should be paid by their member institutions.

The rest of us should redeploy colonial scrip.  To heck with fractional banking.

Sun, 08/02/2009 - 20:25 | 22607 Anonymous
Anonymous's picture

stop paying your taxes. full stop.

munt

Sun, 08/02/2009 - 21:25 | 22652 Anonymous
Anonymous's picture

Seriously, all the people in this country need to do is act in unison.

We can stop paying taxes.

We can vote out these terrible demoncrat shits.

We can kick the Federal Reserve right the fuck out of our country and not pay them the national debt.

YES WE CAN.

Sun, 08/02/2009 - 21:58 | 22674 Anonymous
Anonymous's picture

The country has gone beyond the point of no return. Tax revenues don't amount of shit these days and it is only going to get worse. With the deficits are met with printing more money, tax revenues are nothing.

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