Thursday, June 30, 2011
Monday, June 27, 2011
convinced the democrat party that he was their messiah? He is truly a
magician (illusionist) of the Houdini class. Help me out here. Your
Pulitzer Prize is awaiting!! WHERE ARE THE GIRLFRIENDS???
I hadn't thought about this - but where are O's past girlfriends - surely
he had at least one? No past girl friends popping up anywhere? Strange -
strange to the point of being downright weird! OK, this is just plain old common sense, no political agendas for either
side. Just common knowledge for citizens of a country, especially American
citizens, who know every little tidbit about every other president (and
their wives) and even know that Andrew Jackson's wife smoked a corn cob pipe
and was accused of adultery, or that Lincoln never went to school or Kennedy
wore a back brace or Truman played the piano. We are Americans! Our Media vets these things out! We are known for our
humanitarian interests and caring for our 'fellow man.' We care, but none of
us know one single humanizing fact about the history of our own president. Honestly, and this is a personal thing ... but it's bugged me for years
that no one who ever dated him ever showed up. Taken his charisma, which
caused the women to be drawn to him so obviously during his campaign, looks
like some lady would not have missed the opportunity.... We all know about JFK's magnetism, McCain was no monk, Palin's courtship
and even her athletic prowess were probed. Biden's aneurisms are no secret.
Look at Cheney and Clinton-we all know about their heart problems. How could
I have left out Wild Bill before or during the White House? Nope... not one lady has stepped up and said, "He was soooo shy," or "What
a great dancer!"
Now look at the rest of what we know... no classmates, not even the
recorder for the Columbia class notes ever heard of him. Who was the best man at his wedding? Start there. Check for groomsmen.
Then get the footage of the graduation ceremony. Has anyone talked to the professors? Isn't it odd that no one is bragging
that they knew him or taught him or lived with him. When did he meet Michele and how? Are there photos? Every president
provides the public with all their photos, etc. for their library. What has
he released? Nada - other than what was in this so-called biography! And
experts who study writing styles, etc. claim it was not O's own words or
typical of his speech patterns, etc. Does this make any of you wonder? Ever wonder why no one ever came forward from Obama's past, saying they
knew him, attended school with him, was his friend, etc. ?
Not one person has ever come forward from his past.
This should really be a cause for great concern. Did you see the movie
titled, The Manchurian Candidate? Let's face it. As insignificant as we all are... someone whom we went to
school with remembers our name or face...someone remembers we were the clown
or the dork or the brain or the quiet one or the bully or something about
us. George Stephanopoulos, ABC News said the same thing during the 2008
Even George questions why no one has acknowledged that the president was
in their classroom or ate in the same cafeteria or made impromptu speeches
Stephanopoulos was a classmate of Obama at Columbia-class of 1984.
He says he never had a single class with him.
Since he is such a great orator, why doesn't anyone in Obama's college
class remember him?
And, why won't he allow Columbia to release his records?
Do you like millions of others, simply assume all this is explainable -
even though no one can? NOBODY REMEMBERS OBAMA AT COLUMBIA Looking for evidence of Obama's past, Fox News contacted 400 Columbia
University students from the period when Obama claims to have been there,
butnot one remembers him. For example,Wayne Allyn Root was (like Obama) a
political science major at Columbia, who graduated in 1983. In 2008, Root
says of Obama, "I don't know a single person at Columbia that knew him, and
they all know me. I don't have a single classmate who ever knew Barack Obama
at Columbia ... EVER! Nobody recalls him. Root adds that he was, "Class of '83 political science, pre-law" and says,
"You don't get more exact or closer than that. Never met him in my life,
don't know anyone who ever met him." At our 20th class reunion five years ago, who was asked to be the speaker
of the class? Me. No one ever heard of Barack! And five years ago, nobody
even knew who he was. The guy who writes the class notes, who's kind of the,
as we say in New York, 'the macha' who knows everybody, has yet to find a
person, a human who ever met him." Obama's photograph does not appear in the school's yearbook, and Obama
consistently declines requests to talk about his years at Columbia, provide
school records, or provide the name of any former classmates or friends
while at Columbia. How can this be? NOTE: Wayne Allyn Root can easily be verified. He graduated valedictorian
from his high school, Thornton-Donovan School, then graduated from Columbia
University in 1983 as a Political Science major in the same '83 class in
which Barack Hussein Obama states he was. Some other interesting questions. Why was Obama's law license inactivated in 2002? Why was Michelle's law license inactivated by court order? According to the U.S. Census, there is only one Barack Obama - but 27
Social Security numbers and over 80 aliases. WHAT!? The Social Security number he uses now originated in Connecticut where he
is never reported to have lived. No wonder all his records are sealed! Please continue sending this out to everyone. Somewhere, someone had to
know him in school...before he "reorganized" Chicago and burst upon the
scene at the 2004 Democratic Convention and made us swoon with his charm,
poise, and speaking pizzazz. One of the biggest CONS this country has ever seen, and getting away with
it. Go watch the movie The Manchurian Candidate, with Lawrence Harvey! Good
Wednesday, June 22, 2011
Monday, June 20, 2011
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Sunday, June 12, 2011
It is dangerous not to own gold and silver. Although the U.S. dollar seems like a safe haven to most Americans because it has a number on it that always stays the same, the U.S. dollar is a fiat currency with no real value because it is no longer backed by gold. The only reason the U.S. dollar still has any purchasing power at all is due to the public's perception that it will always be accepted as money. Gold is the world's most stable asset and silver possesses all of the same monetary qualities as gold, but is a lot more volatile than gold.
We believe silver is a much better bargain than gold because the gold/silver ratio is currently 42 and during periods of high inflation it always declines to 16, which is where the Coinage Act of 1834 defined their values until silver was demonitized in 1873. Ever since silver was demonitized, America has been a fiat country gone insane with Americans being brainwashed into believing silver is only an industrial metal and paper dollars are money. Bernanke's devastating inflationary monetary policies will soon wake Americans up to the truth and we will see a decline in the ratio back to 16 or below permanently, which means we will see at least a 2.625 times increase in purchasing power for those who own silver vs. gold from their current levels. We are 100% confident the gold/silver ratio will at least decline to 16 this decade.
Because silver has been so undervalued for so long with a gold/silver ratio averaging north of 50 for the past century, most silver produced in recent decades has been consumed by industrial purposes and there are actually much larger inventories of gold available above ground today. Most likely we will probably see the gold/silver ratio overcorrect to the downside, possibly down to 10 or lower. Only 10 times more silver has been produced in world history than gold so a gold/silver ratio of 10 is actually a very realistic possibility. This means those who own silver will likely more than quadruple their purchasing power from current levels this decade, while Americans with savings in U.S. dollars lose all of their purchasing power.
COMEX registered physical silver inventories have declined 30% over the past six weeks down to 28.8 million ounces or just $1 billion worth of silver. A major shortage of physical silver is developing. A COMEX default is likely coming in the near-future as those holding futures contracts demand physical delivery and COMEX can't deliver. This could cause an explosion in silver prices, possibly to $100 per ounce overnight.
Silver prices rose too far too fast during the month of April. When we announced silver as the best investment for the next decade at $17 per ounce, we never thought silver would nearly reach $50 per ounce in early 2011. We were looking for silver to reach $50 per ounce in late 2011 with a decline in the gold/silver ratio this year to 38.
Although the pullback in silver was steep, this was not unexpected. It is something that NIA has warned about on countless occasions. We believe the pullback in silver is now over and most of the silver sold by speculators is now owned by stronger hands that are holding for the long-term. In our opinion, silver will make another move towards $50 per ounce and instead of pulling back, this time silver will break $50 per ounce and reach new all time nominal highs. We don't see much downsize risk for silver, because there are many investors who are waiting to buy as much silver as possible on any kind of dip from these levels.
2) What do you think about the new Utah money where people will be able to pay taxes and each other in gold and silver coins? Do you think this will pass the U.S. Senate and what will that do to silver?
Utah just legalized gold and silver as a currency, which is something that NIA strongly supports. Gold and silver will now be exempt from state capital gains tax in Utah. However, Utah doesn't have the power to exempt it from Federal capital gains tax. We support Ron Paul for President in the 2012 election because he will eliminate Federal taxes on gold and silver. After all, when gold prices go up you actually aren't making money. You are simply retaining your purchasing power as the U.S. dollar goes down. Ron Paul is the only candidate who understands this and understands that the U.S. constitution mandated only gold and silver to be used as legal tender. Fiat currencies are unconstitutional. Ben Bernanke is a criminal who is stealing the wealth of all Americans through inflation and NIA will not stop until all Americans understand the truth.
3) At the price of gold and silver now, is it safe to continue to purchase these metals? When do you plan to sell?
We are still buying gold and silver, and we will hold our gold and silver until the Dow Jones/gold ratio at least declines to 1, the median U.S. home/silver ratio at least declines to 1,000, and the gold/silver ratio at least declines to 16. Only when these ratios are met will it be a sign that it is time to diversify from precious metals. However, we will never sell precious metals in order to buy a fiat currency. We plan to use our precious metals to buy dirt cheap Real Estate in the U.S. once the market has completely bottomed, which is still many years away from happening.
4) What do you mean when you say, "No amount of tax increases and spending decreases will ever allow the U.S. to balance its budget."? Is there no way out of this hole? Is there no way to turn this bus around and prevent it from going over a cliff and into the abyss of hyperinflation?
If the government acted immediately and cut expenses across the board by 50% including entitlement programs, and the Federal Reserve raised interest rates to at least 5% or 6%, we believe hyperinflation could be prevented. However, the government doesn't believe inflation is a problem because the Fed looks at the core consumer price index (CPI), which excludes food and energy, because the Fed says food and energy inflation is transitory. The core CPI is mainly comprised of rents, which is very misleading because rents aren't going to rise by much in the short-term being that we just had the largest Real Estate bubble in history that still isn't done deflating.
Even core CPI will begin rising dramatically eventually. When price inflation becomes so large that the government realizes something must be done and can no longer ignore it, it will be too late. Our budget deficit as a percentage of annual government expenditures is at a level that many other countries were at right before they experienced hyperinflation. What triggered hyperinflation in prior instances is when foreigners stopped lending and a country's own central bank needed to print the money to fund the bulk of a country's deficit spending. We believe our two largest foreign lenders China and Japan are about to pull the plug on the U.S. and the Federal Reserve will become the U.S. treasury buyer of last resort. The Fed already owns more U.S. treasuries than China and Japan, but soon the Fed will be the only treasury buyer left.
If we wait another year to make dramatic spending cuts, it will be too late because soon we will have to deal with rising interest payments on our national debt. The annual interest we pay on our national debt is currently only around $200 billion per year due to our artificially low interest rates. When rates start to rise, annual interest on our debt could easily exceed $1 trillion and cause our budget deficits to explode even higher. The first place the U.S. needs to cut is the military. We need to leave Afghanistan immediately now than Bin Laden is dead and we must stop attacking countries that are no threat to us like Libya.
5) One of the issues that has propped up the dollar for decades is the ability of the U.S. government to "enforce" the dollar because of its enormous and superior military. What are your thoughts about this?
We don't think we can threaten other countries by force and make them continue buying U.S. treasuries because if they stopped buying our debt, the dollar would collapse and we won't have the resources to fund our military. Some people believe the world is buying our treasuries because they like the U.S. military policing the world, but we strongly disagree. We believe the world resents the U.S. for maintaining its 700 military bases in 130 countries. In our opinion, we are gaining enemies this way. China and Japan would be much better off using the money they spend on U.S. treasuries to expand the size of their own militaries. When the dollar collapses due to hyperinflation, no longer will the U.S. be the world's superpower due to its military. China's military will eventually exceed the size of ours. Our current military empire where we spend just about the same on defense as the rest of the world combined is unsustainable and over the long-term this wasteful spending is making us a lot less safe as a result. Having a safe and stable currency is the most important fundamental building block of having a safe and stable country.
6) We have a nation full of incredibly financially smart folks who should be concentrating on the solution instead of the problem. Where are they and why isn't anyone stepping up to the plate to try to save our country? I heard that Donald Trump had a plan to get us out of debt but don't know what that plan is. Have you heard about this plan and is it credible?
Donald Trump isn't very credible when it comes to getting out of debt, because his casino company is one of the most indebted companies in the world and it has filed for bankruptcy on numerous occasions. But then again, the U.S. is for all intents and purposes bankrupt so if Donald Trump changed his mind and decided to run for President, he could campaign based on his experience with reorganizing under bankruptcy and keeping companies alive and operating despite them being bankrupt. Unfortunately, Donald Trump has screwed over his shareholders countless times who were left with nothing, so he would probably also screw over holders of U.S. dollars who would be left with worthless pieces of paper that have no purchasing power.
7) When do you expect inflation to crimp the margins of consumer discretionary stocks?
Inflation is already hurting the margins of many consumer discretionary stocks that have been reporting earnings in recent weeks, which is something NIA predicted would happen late last year. Retailers are passing some of their rising costs on to their customers, but are reluctant to pass all of them on. Many retailers are passing on 1/2 of their rising wholesale costs by raising retail prices and eating the other 1/2 through shrinking gross margins. This same thing is happening to the product manufacturers who are seeing large raw material input cost increases. They are eating some of their rising costs to stay competitive and passing the rest on to their customers. Many manufacturers and retailers are hoping that Bernanke is right and that commodity inflation is transitory. Although some commodities have run too far too fast and will dip in the short-term as the dollar makes a possible temporary bounce, we can assure you that inflation is not transitory and the dollar collapse has just begun.
8) NIA says there is no chance of the U.S. ever balancing its budget, without eliminating the so-called untouchable entitlement programs like Social Security, Medicare, and Medicaid. How exactly would the disabled live if these entitlement programs were gone? It sounds like retirement would have to be eliminated. Would a person basically have to work to death?
Retirement will become a thing of the past for Americans relying on Social Security to retire as well as Americans with their savings in U.S. dollars. Seniors who are not relying on Social Security and have at least one third of the savings necessary to retire, and are smart enough to invest their savings now into silver, we believe will be able to retire and stay retired as they will increase their purchasing power while the rest of America goes broke. NIA expects to see a major trend in the upcoming years of retired Americans reentering the workforce as their Social Security checks continue to buy less and less. Seniors haven't seen any Social Security cost-of-living adjustment increases in years, despite there being massive price inflation, especially for food and energy. Adjusted for real price inflation, Americans receiving Social Security today should be receiving almost triple the amount that they are currently receiving.
9) When the U.S. dollar drops to zero value and it becomes necessary to use gold for daily needs, how will the exchange of goods for gold be accomplished? How do I use a 1 ounce gold coin, with present value of about $1,500, to purchase a loaf of bread and/or a quart of milk, for example? How will these 1 ounce coins be broken down?
It is possible to buy American Eagle and Canadian Maple Leaf gold coins that are as small as 1/10 of an ounce, but NIA strongly recommends against buying these coins because you will likely end up paying a 15% premium for them compared to just a 4% premium for the 1 ounce versions of these coins. We believe silver will be more commonly used for bartering purposes, as silver is currently around $36 per ounce and a few ounces of silver can easily buy a week's worth of groceries for a family. In fact, with the gold/silver ratio currently at 42 despite the fact that only 10 times more silver has been produced in world history than gold (with most of this silver being consumed for industrial purposes never to be seen again), NIA believes silver is undervalued compared to gold and will increase around 3 to 4 times in purchasing power compared to gold this decade. Therefore, it is possible that only 1 ounce of silver could be enough to buy a week's worth of groceries for a family during hyperinflation.
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