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

Obama Victory: What It Means For the World

IMG Auteur
Published : November 20th, 2012
699 words - Reading time : 1 - 2 minutes
( 5 votes, 3.4/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Opinions and Analysis

 

 

 

 


I was on vacation during “Election Week,” so I didn’t start writing about the earth-shattering decisions made on November 6th until last week. I did so in essentially all my commentaries, but never a condensed RANT topic. Normally, I wouldn’t devote a RANT topic to rehashing older commentary; but as this topic is so incredibly important, I made an exception.


For the past month, I have written of how Bill Clinton’s 1992 campaign slogan “it’s the economy, stupid” has grotesquely morphed in the ensuing two decades. In other words, what used to imply the voting out of incumbents, now infers one must vote for the most socialistic regime – no matter who runs it.


Now that the nation, its municipalities, and citizens are in equally dire financial straits, the hope of a fresh start with a new administration no longer exists. Too much debt, the outsourcing of millions of jobs, and expanding public apathy have permanently destroyed the possibility of what Obama’s first campaign was based on; to the point that “Hope and Change” was completely abandoned this time around…




In my view, Obama’s re-election – and equally important, the maintenance of a Democratic Majority in the Senate – is a rousing plea by Romney’s “47%” to be saved from poverty, homelessness, and destitution. In other words, a mandate to “take our rights, murder innocent civilians, repeal capitalism, and hyperinflate the currency – so long as the food stamps, welfare checks, and sundry entitlements keep coming. These were not the only reasons people didn’t elect Romney; however, in my view, they were the biggest.


It didn’t help that Romney was a mega-rich banker whose business took apart companies like Richard Gere’s in Pretty Woman; or, that his campaign was pay-rolled by a “who’s who” of public enemies


Top Contributors to Mitt Romney – 2012


…and although many Republicans deny it, the bad taste left in America’s mouth by the oppressive “neo-Con” regime of the 2000’s – they of the fraudulent “Weapons of Mass Destruction” – certainly hasn’t left the nation thirsting for more.


Perhaps if the Republicans had put up “their own Obama”; that is, a charismatic demagogue with the ability to electrify crowds with rhetoric (read, 1930s Europe) – the outcome may have been different. However, even an Obama scarred by four years of abject FAILURE came across more genuinely than Romney; particularly when – as noted above – he offered more entitlements. In fact, Obama could likely have garnered more votes if he simply utilized a campaign platform of “it’s the entitlements, stupid!”


Irrespective, the END GAME of global economic implosion and currency collapse is “set in stone,” regardless of which party is in charge. In the coming weeks, this DEATH SENTENCE will be viewed “front and center” by the ENTIRE WORLD, as the upcoming “fiscal cliff” and “debt ceiling” fiascos demonstrate a new, “UNPRECEDENTED” level of bipartisan futility.


If the Republicans had been victorious, the only difference I could have envisioned in this “script” is that Romney would likely have put up a brief false-front of “conservatism”; enabling politicians, citizens, and financial markets to temporarily believe in a new brand of misguided “hope and change” – which of course, would never materialize.


As for the present, it’s ALL SYSTEMS GO for socialism, militarism, and blind disregard of the Constitution; that is, what’s left of it. And oh yeah, unfettered “monetization” by Helicopter Ben; who appears hell-bent on catching up to Japan’s “QE9” as fast as possible. Of course, he has NO CHOICE – as he must “inflate or die”; or more realistically, inflate and die.”


As I wrote Friday, the nation’s politicians, businesses, and citizens cumulatively have a penchant to do what’s “WORST FOR AMERICA, but BEST FOR PRECIOUS METALS”; and last week’s elections proved that point in spades. I expect the next four years to be the worst in America’s history – on nearly all fronts; and care of the ENTIRE WORLD’S inescapable ties to the “world’s reserve currency,” it, too, will suffer untold hardship.


That is, until financial markets FORCE the inevitable end of the destructive FIAT CURRENCY REGIME; forcing a systemic, global “reboot” – utilizing REAL MONEY.


PROTECT YOURSELF, and do it NOW!



 

 

Companies Mentionned : Metals X |
Data and Statistics for these countries : Japan | All
Gold and Silver Prices for these countries : Japan | All
<< Previous article
Rate :Average :3.4 (5 votes)
>> Next article
Andrew Hoffman was a buy-side and sell-side analyst in the United States (including six years as an II-ranked oilfield service analyst at Salomon Smith Barney), but since 2002 his focus has been entirely in the metals markets, principally gold and silver. He recently worked as a consultant to junior mining companies, head of Corporate Development, and VP of Investor Relations for different mining ventures, and is now the Director of Marketing for Miles Franklin, a U.S.-based bullion dealer.
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Way Out
31 MarGypsy1
James, you're wrong to think the people on earth couldn't THRIVE ~ live well, eat well, enjoy great lives, advance mankind ~ with the resources we ...
Time to Eliminate Pilots in Airc...
30 MarShadowdoo1
Hi Mish, Sorry pal, I would rather take the door off than give the controls to some moron on the ground. Especially with that nitwit in t...
Gold: April 2015 Update
30 Marovertheedge
"I have been invited to speak at the Mines & Money Mauritius Conference in June 2015 again. If you would like to join you can receive 25% off your ...
Greece Needs the Magic Formula t...
30 Marovertheedge
Wow dude. "Idiocracy" is obviously not just another dumb-ass movie. I admit that I should have recognized your devotion to Brawndo (it has ...
Signs that America Will Hit the ...
30 MarFalconflight
I'll tell you what signals a return of the Dark Ages....the growing, almost hysterical screed again in the West that those Jews are responsible for...
Misunderstanding "Peak Gold"; Go...
29 MarTed S.1
Hi Mish, You make a good point about the difference between commodities and gold. It's a great point of discussion to counter people who ar...
The Finanser Interviews Jon Matonis
29 Marovertheedge
"In late 2009, I got introduced to Bitcoin by a random email from Satoshi Nakamoto. I didn’t give it much thought at the time and then 3-4 months ...
Gold Effect on Mining & Shale Wa...
28 Marneville1
Thank you Jim Willie for your open and candid report on some of the most urgent matters agrevating this economically and war torn world thanks...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Devon Energy(Ngas-Oil)DVN
EnLink Midstream Partners, LP Completes Acquisition of Victoria Express Pipeline in Dropdown Transaction with Devon Energy
US$ 61.58+2.11%Trend Power :
Corporate news
Devon Energy(Ngas-Oil)DVN
Natural Gas Injection Starts Before Heating Season Ends
US$ 61.58+2.11%Trend Power :
Corporate news
Devon Energy(Ngas-Oil)DVN
Sector Snap: Energy stocks rise as Iran talks continue
US$ 61.58+2.11%Trend Power :
Corporate news
Atlanta Gold(Ag-Au-Gems)ATG.V
IIROC Trading Halt - ATG
CA$ 0.00+0.00%Trend Power :
Corporate news
Fortune Minerals(Ag-Au-Co)FT.TO
Releases 2014 Annual Financial Results
CA$ 0.11+4.76%Trend Power :
Financials
IAMGOLD(Ag-Au-Cu)IMG.TO
Iamgold in talks to buy AngloGold's stakes in two Mali mines
CA$ 2.56+8.47%Trend Power :
Exploration and drilling
Canadian Natural(Ngas-Oil)CNQ.TO
CANADA STOCKS-TSX steady as a resource gains offset by banks
CA$ 39.19+0.95%Trend Power :
Corporate news
Caribou CopperCKR.V
Signs LOI to Acquire Northern Extension of Buckingham Graphite Project
CA$ 0.14+3.85%Trend Power :
Corporate news
HudBay(Cu-Le-Ni)HBM.TO
VMS Reports Update on Reserves and Resources at Reed Mine
CA$ 10.44+0.82%Trend Power :
Corporate news
VMS Ventures(Cu-Ni-Zn)VMS.V
VMS Reports Update on Reserves and Resources at Reed Mine
CA$ 0.25-1.96%Trend Power :
Corporate news
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.