Good Morning
Americans! It’s Friday…somewhere.
What is the price of
gold? Who cares? As long as those blue days of under 300 an ounce don’t
return. Dear heaven forbid. I’ll never forget those days. Everyday
you watched the gold price hoping it would at least climb over 280. And then
one day it might hit 291 and you were ready to celebrate with a bottle of
Champaign.
And all during this
time you watched exploration, production companies and even fair size
companies you never thought would fail…go bankrupt. Bankruptcy was an
every day event.
Am I being pessimistic
about the gold price for the coming decade? Do I not really believe it will
continue to rise and go to the moon? It might yet as far as I know. But
I don’t know. But I do know that with present prices there is a better
measure of stability the gold mining community has needed for a long time. At
250 an ounce mining was just not profitable. Wasn’t economical.
With the healthcare
bill signed, the present presidential administration has begun additional
efforts to also begin an aggressive push to enact new imposed financial
regulatory overhaul before the November elections. Now that we will be forced
to purchase government mandated insurance, hopefully, now we will also be
mandated to purchase General Motors cars.
Thank God for sound
reasoning and common sense returning to this great land.
Idiot Republican Sen.
John McCain of Arizona made the statement that "Once again the
administration showed that it had little respect for the time honored
constitutional roles and procedures of Congress…" Poor
John. Doesn’t he recognize that all legislative power is leaving the
states and coming under the providence of the executive branch? As a people
we are not mature enough to govern ourselves. Must have a sugar daddy out
there.
Gold trends really have
changed forever. The financial world has shown itself to be but a house of
cards. A house of cards slowly being managed and run by executive
branch appointed czars. And that’s another thing I detest.
Does anyone know what
the definition of a “czar” is?
The first “czar
was Caesar. That’s where the term czar originally derived from. How
about that? Remember the thing ancient Rome had going on for 500 years?
Emperors, and many started off as really quite nice guys, but their absolute
power eventually turned them into totalitarians. But make no mistake that the
definition of czar is one of Emperor Rank with power equivalent to that of a
supreme ruler.
And now our executive
branch is hiring regional authoritarian powers around the United States with
absolute power answering to no one but the executive branch that placed him
or her in office? The people have shown they no longer have the wisdom
to enact proper laws via their state legislatures and its time that Papa
takes the wheel.
Another idiot, Forrest
McDonald, a retired University of Alabama professional academic of states'
rights has said that Congress just has no power to make someone buy
something. Forrest probably still picks and chooses his own insurance policy
and refuses to drive GM.
Still interested in
gold stocks? The following is a man whose acquaintance you should meet. Brent
Cook is a respected geologist and analyst. The fellow has true on the job
training and spends the majority of his time in mines and breaking up rocks
into small pieces and hearing a hundred tales by excited believers who think
they have found the mother load of all mother loads.
The gold and precious
metals and resource markets are incredibly complicated yet more money is made
in these stocks than any other sector. Brent is good at providing
reliable geological and economic evaluations of mineral properties and their
economic potential.
Right now there is more
gold being pulled from the ground and it is getting harder to find. And as
many new mines with higher than normal risk come into play then it is more
important than ever to attain higher profit margins. The old easily
discovered high grade gold reserves are becoming rarer and rarer. No more
easy shooting in the barrel today to turn up a quick gold buck. Brent knows
his stuff. Check him out. Learn something new.
Anyone notice lately that
state sovereignty seems to be headed north along with migratory birds?
Checked all the byways, coat closets, etc, at the capital and it just
can’t be found anywhere. Inevitable it seems.
But seriously folks.
“State
sovereignty is a legal principle that US states have the right to prevent the
application of programs and regulations of the Federal
government.” “The basis is the Ninth and Tenth Amendments to
the US Constitution, which reserve to the states respectively, or to the
people, all powers and rights not delegated to the Federal government by the
Constitution and thereby prohibited to the states…”
“How this
principle is applied depends on whether the US can be shown to be applying
laws and rules that would contravene these rights…” Via…
“…exceeding
the mandate of the Constitution.” “In the legal battle over
enacting a national health care plan…” What happened to the
“…principle
of state sovereignty?”
I suppose it’s
understood now that 1,000 has become the floor for the gold price?
Definitely become more a floor than a ceiling. Central banks continue to add
to their gold reserves more than in almost 50 years. Remember the debate at
the beginning of the decade (10 short years ago) that it was speculated that
the central banks might then dump all their gold reserves into the sea
because of their worthlessness.
Remember those
days? I do. The financial crash of the past 2 years has proven the
worth of fixed hard assets not based on paper. It is even expected that by
the end of 2010 central bankers may even add another couple of hundred tons
to their supplies. A respected hedge fund manager predicts gold to continue
trending into the foreseeable future becoming the world’s second valued
reservable currency rivaling the US buck and supplanting the Euro.
And back to state
sovereignty? Mark Rosen, a Chicago-Kent College of Law Constitution
scholar, has said the states do not really have sovereignty and no
constitutional leg to stand on.
Mark has been quoted
explaining…"Congress
has clear authority to pass this type of legislation and under the supremacy
clause that makes federal law supreme….''
Thank you Mark for
spelling this out. What’s happening in our public school
systems? Aren’t our kids being taught these good, liberal
principals in kindergarten? Want to hear something really stupid? Read the
following claptrap below.
“Alison L.
LaCroix, an assistant professor of law at the University of Chicago Law
School, explores the history of the notion in “The Ideological Origins
of American Federalism,” which has just been published by Harvard
University Press.”
And what does dear
Allison say in her “academic”
reasoning?
“The only
incorrect vision of federalism is one that assumes that a single correct
vision is possible.” Allison
Well, dear Alison, is
this not what is happening with a single idea mandated by our executive
branch dictating that this new national health care system is forced on all
50 states?
What did ole’
Hickory have to say about states rights?
"In administering
the laws of Congress I shall keep steadily in view the limitations as well as
the extent of the Executive power trusting thereby to discharge the functions
of my office without transcending its authority....In such measures as I may
be called on to pursue in regard to the rights of the separate States I hope
to be animated by a proper respect for those sovereign members of our Union,
taking care not to confound the powers they have reserved to
themselves…” ole’ Hickory
And ole’ Hickory
goes to bat again!
“In the domestic
policy of this Government there are two objects which especially deserve the
attention of the people and their representatives, and which have been and
will continue to be the subjects of my increasing solicitude. They are the
preservation of the rights of the several States and the integrity of the
Union. These great objects are necessarily connected, and can only be
attained by an enlightened exercise of the powers of each within its
appropriate sphere in conformity with the public will constitutionally
expressed.”
Noticed how Andrew
stated that laws in question debated between Federalism or states sovereignty
must be “constitutionally
expressed.”
What are “constitutionally expressed
[powers]?”
“Expressed powers
are those powers directly stated in the Constitution. Most of those powers
are found in the first three articles of the Constitution”
“Federalism is a
system in which the power to govern is shared between national and central
(state) governments” ”A bill of rights should be coupled with
the constitution to prevent a dictator (then believed to eventually be the
president) from exploiting citizens.”
Jackson, “…the
destruction of our State governments or the annihilation of their control
over the local concerns of the people would lead directly to revolution and
anarchy, and finally to despotism and military domination."
Benevolent
totalitarianism.
Reminds me how past
leaders of the governments of Germany, Russia, and ancient Roman Caesars
began their reigns. Many quite good “Bubbas!” But we know
from the pages of history that eventually benevolent absolute power becomes
absolute tyranny.
But changing the
subject and on to more understandable issues…
Some degree of civility
and common sense has returned to this country’s culture. Praise God! A
man stopped to render first aid to a possum hit by a car he found lying in
the road. When Pennsylvania Police Trooper Jamie Levier also stopped to
render assistance the Good Samaritan was diligently administering mouth to
mouth resuscitation to the opossum. Unfortunately, the opossum was
already dead.
Excellent
Gold Stocks to Buy
And concerning Gold.
Don’t forget that gold represents the most practical way to combat
inflation. And inflation is on its way. Just too much debt being created in
massive amounts which equates to worthless paper with absolutely no backing
by anything of real value. Believe me when I tell you there is coming a time
when you will wish you had listened a little more carefully to these
reflections on gold. And maybe even reflections on opossums.
Click here for a FREE
gold report!!!
David Vaughn
Editor,
Gold Letter, Inc.
www.goldletterdv.com
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