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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!!!
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