Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category

Ball of Twine Open Forum

IMG Auteur
 
Published : March 26th, 2012
1047 words - Reading time : 2 - 4 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

 

 

 

 



FOA: "They will not be pushing on a string; rather picking up the ball of twine and throwing it!"

I may be crazy, but if there was a contingency plan/how-to manual on throwing the world's largest ball of twine, it might just look like this:




And here are a few twine throwing excerpts from our brain-trust of central planners:

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950 [...] it is hereby ordered as follows:

...

Sec. 103. General Functions. Executive departments and agencies (agencies) responsible for plans and programs relating to national defense (as defined in section 801(j) of this order), or for resources and services needed to support such plans and programs, shall:

(a) identify requirements for the full spectrum of emergencies, including essential military AND civilian demand;

(b) assess on an ongoing basis the capability of the domestic industrial and technological base to satisfy requirements in peacetime AND times of national emergency, specifically evaluating the availability of the most critical resource and production sources, including subcontractors and suppliers, materials, skilled labor, and professional and technical personnel;

...

Sec. 201. Priorities and Allocations Authorities. (a) The authority of the President conferred by section 101 of the Act, 50 U.S.C. App. 2071, to require acceptance and priority performance of contracts or orders (other than contracts of employment) to promote the national defense over performance of any other contracts or orders, and to allocate materials, services, and facilities as deemed necessary...

(b) The Secretary of each agency delegated authority under subsection (a) of this section (resource departments) shall plan for and issue regulations to prioritize and allocate resources and establish standards and procedures by which the authority shall be used to promote the national defense, under both emergency AND non-emergency conditions.

...

PART III - EXPANSION OF PRODUCTIVE CAPACITY AND SUPPLY

Sec. 301. Loan Guarantees. (a) To reduce current or projected shortfalls of resources, critical technology items, or materials essential for the national defense, the head of each agency engaged in procurement for the national defense, as defined in section 801(h) of this order, is authorized pursuant to section 301 of the Act, 50 U.S.C. App. 2091, to guarantee loans by private institutions.

(b) Each guaranteeing agency is designated and authorized to: (1) act as fiscal agent in the making of its own guarantee contracts and in otherwise carrying out the purposes of section 301 of the Act; and (2) contract with any Federal Reserve Bank to assist the agency in serving as fiscal agent.

...

Sec. 302. Loans. To reduce current or projected shortfalls of resources, critical technology items, or materials essential for the national defense, the head of each agency engaged in procurement for the national defense is delegated the authority of the President under section 302 of the Act, 50 U.S.C. App. 2092, to make loans thereunder. Terms and conditions of loans under this authority shall be determined in consultation with the Secretary of the Treasury and the Director of OMB.

...

Sec. 303. Additional Authorities. (a) To create, maintain, protect, expand, or restore domestic industrial base capabilities essential for the national defense, the head of each agency engaged in procurement for the national defense is delegated the authority of the President [...] to make provision for purchases of, or commitments to purchase, an industrial resource or a critical technology item for Government use or resale, and to make provision for the development of production capabilities, and for the increased use of emerging technologies in security program applications, and to enable rapid transition of emerging technologies.

...

Sec. 304. Subsidy Payments. To ensure the supply of raw or nonprocessed materials from high cost sources, or to ensure maximum production or supply in any area at stable prices of any materials in light of a temporary increase in transportation cost, the head of each agency engaged in procurement for the national defense is delegated the authority of the President [...] to make subsidy payments, after consultation with the Secretary of the Treasury and the Director of OMB.

...

Sec. 306. Strategic and Critical Materials. The Secretary of Defense, and the Secretary of the Interior in consultation with the Secretary of Defense as the National Defense Stockpile Manager, are each delegated the authority of the President [...] to encourage the exploration, development, and mining of strategic and critical materials and other materials.

...

Sec. 308. Government-Owned Equipment. The head of each agency engaged in procurement for the national defense is delegated the authority of the President [...] to:

(a) procure and install additional equipment, facilities, processes, or improvements to plants, factories, and other industrial facilities owned by the Federal Government AND to procure and install Government owned equipment in plants, factories, or other industrial facilities owned by private persons;

(b) provide for the modification or expansion of privately owned facilities, including the modification or improvement of production processes...

(c) sell or otherwise transfer equipment owned by the Federal Government and installed under section 303(e) of the Act, 50 U.S.C. App. 2093(e), to the owners of such plants, factories, or other industrial facilities.

...

Sec. 310. Critical Items. The head of each agency engaged in procurement for the national defense is delegated the authority [...] to take appropriate action to ensure that critical components, critical technology items, essential materials, and industrial resources are available from reliable sources when needed to meet defense requirements during peacetime, graduated mobilization, and national emergency. Appropriate action may include restricting contract solicitations to reliable sources, restricting contract solicitations to domestic sources (pursuant to statutory authority), stockpiling critical components, and developing substitutes for critical components or critical technology items.

...

Sec. 312. Modernization of Equipment. The head of each agency engaged in procurement for the national defense [...] may utilize the authority of title III of the Act to guarantee the purchase or lease of advance manufacturing equipment, and any related services with respect to any such equipment for purposes of the Act. In considering title III projects, the head of each agency engaged in procurement for the national defense shall provide a strong preference for proposals submitted by a small business supplier or subcontractor...

You can read the full 11-page Executive Order
here.

Sincerely,



 

Companies Mentionned : Strategic |
<< Previous article
Rate : Average :0 (0 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
U.S.A. Caught in Enormous Policy...
00:39Cameron Waugh
No comments because there is not much more that can be added to that. Short paper and long the PM's, thanks Jim.
JP Morgan Cornering Silver Bulli...
01 Mayovertheedge
Good article. There is one other conspiratorial reason why JPM might be accumulating major tonnage of silver. Throughout history, silver ha...
10 year Price vs Sentiment Map f...
01 Mayuser4779
Thanks, Bron, for this nice chart---more informative than just a plain old scatter plot. A 5-star article.
Picking Undervalued Gold Equitie...
29 Aprcapitalstars
MCX Commodity Gold Silver Tips is the most favourite service for all of traders but so much risk is involved in bullion trading. In this people can...
It’s Over: This Is the ONLY Pict...
29 Apruser4779
Two questions arise about photo of the fruit seller: when? and where? The laptop or notebook computer puts it probably in the last 5 years. That, ...
Inflation Inferno I
29 AprSilverthumb
Great article. I hope many people get a chance to read it. I'm going to read it for a second time right now. My thanks to the author>
Deconstructing and Debunking Sha...
29 AprDoom
I was under the impression that the inflation stats on his site were, as he explained them: one set is "official government inflation", and the oth...
Martin Armstrong – Gold Bullion ...
22 Aprbaregil
This Armstrong individual suffers from hyperinflation of the Ego. He speaks in a cryptic, sybilline and esoteric fashion, trying to make an impress...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Corsa Capital Ltd.(Au)CSO.V
Coal Announces Financial Results for Fourth Quarter 2014 and Fiscal 2014
CA$ 0.13-7.14%Trend Power :
Financials
Atna Resources(Ag-Au-Cu)ATN.TO
. Reports First Quarter 2015 Results
CA$ 0.10-4.76%Trend Power :
Financials
Atna Resources(Ag-Au-Cu)ATN.TO
. Reports First Quarter 2015 Results
CA$ 0.10-4.76%Trend Power :
Financials
Ram Power(Cu-Mo-Au)RPG.TO
Announces Closing of Private Placement
CA$ 0.00+0.00%Trend Power :
Financings
True North Gems(Gems-Ni)TGX.V
True North Gems Provides Mine Construction Update
CA$ 0.16+3.13%Trend Power :
Corporate news
Caledonia Mining(Cu-Ni-Co)CAL.TO
Caledonia Mining Corporation: Major Shareholder Notification
CA$ 0.75+0.00%Trend Power :
Corporate news
Goldcorp(Cu-Le-Zn)G.TO
Goldcorp's lower profit lags estimates, stock slumps
CA$ 22.73+0.09%Trend Power :
Corporate news
Silver Wheaton(Cu-Le-Zn)SLW.TO
Trade sees floor in Silver Wheaton
CA$ 24.52+3.03%Trend Power :
Corporate news
Fortuna Silver(Ag-Au-Zn)FVI.TO
Fortuna to release first quarter financial results on May 8, 2015; Conference call at 12 p.m. Eastern on May 11, 2015
CA$ 4.56-0.22%Trend Power :
Corporate news
Goldcorp(Cu-Le-Zn)G.TO
CANADA STOCKS-Quarterly results, resources lead broad TSX rout
CA$ 22.73+0.09%Trend Power :
Discoveries and Drilling Results
Comments closed