Was July 15, 2011 the new Black Thursday?

That's the day a new bill was passed that was,  apparently,  just discovered today by the news media.  After the Fact!  Here is some history.  Back in 1974, President Gerald Ford signed executive order (11825), giving Americans back the right to own bullion which had been illegal to purchase on the OTC markets since 1933.  Ever since that executive order was signed a government agency called the Commodity Futures Trading Commission (CFTC) has tried to achieve what this bill has now achieved since its 1974 inception. What does this mean to Joe Public?

The New Law will initially ban tangible bullion that is purchased or sold on finance, leveraged, and margin accounts, at least for now. However, purchasing gold and silver and taking delivery or having it delivered to a depository account is exempt from this ban. Precious metals dealers were able to lobby Congress for this exemption.  The new law will, also, make spot/cash market transactions illegal.

.  The purpose of this bill is to "protect consumers" from leveraging and making financed purchases of gold and silver.  They need this bill because their "children" (the American public) are too stupid and foolish to make their own decisions and their own mistakes (if that be the case).  The "big daddy" government is the only one who can make a success of their financial transactions, and we all know what a good job they are doing, right now, with their (read:  our) finances.  You know like, oh, the balanced budget and the debt limit and so on.  You know, the things they are doing such a good job with right now.  Uh, huh.

You Have Rights!

Under our constitution, we have several God-given and civil rights. Let me enumerate several:

1. The right to free speech and expression which includes the freedom of the press.
2. The right to assemble peaceably in groups.

3. The right to freedom of religion and the free exercise thereof.

4. The right to redress the government when we feel we have a grievance.

5. The right to keep and bear arms.

6. The right to avoid having troops quartered in our houses under most circumstances.

7. The right to be secure in our persons, houses, papers, and effects, against unreasonable searches and seizures except as permitted by court order.

8. The right to a speedy trial by a jury of our peers and appropriate representation whether or not we can afford such.

9. The right to avoid double jeopardy.

10. The right to just compensation should the public good require the seizing of our real property.

11. The right to avoid excessive bail or cruel and unusual punishment for a crime.

12. The right to avoid slavery or involuntary servitude except in the case of criminal penalties.

We, however, DO NOT have the rights below:

The right to buy a house whether or not we can pay for it.

The right to be fed by the government even if we are able to feed ourselves.

The right to have a cell phone paid for by the government.

There are two polarized factions in this country.  Those who believe someone or possibly everyone owes them something and possibly everything they want, and then there are those who believe that, in a free society, everyone must do for themselves and are entitled to whatever they can earn, purchase, or produce and are not entitled to the spoils of the public treasury.  The federal government has only eight jobs as outlined by the Constitution.

1. To lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States

2. To borrow money on the credit of the United States;

3. To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;

4. To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States;  To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures; To provide for the punishment of counterfeiting the securities and current coin of the United States;

5. To establish post offices and post roads;

6. To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries;

7. To constitute tribunals inferior to the supreme court;

8. A. To define and punish piracies and felonies committed on the high seas, and offences against the law of nations; B. To declare war, grant letters of marque and reprisal, and make rules concerning captures on land and water;  C.  To raise and support armies, but no appropriation of money to that use shall be for a longer term than two years; D.  To provide and maintain a navy;  To make rules for the government and regulation of the land and naval forces;  E.  To provide for calling forth the militia to execute the laws of the union, suppress insurrections and repel invasions.  F.  To provide for organizing, arming, and disciplining, the militia, and for governing such part of them as may be employed in the service of the United States, reserving to the States respectively, the appointment of the officers, and the authority of training the militia according to the discipline prescribed by Congress;

Additionally (Washington DC)

To exercise exclusive legislation in all cases whatsoever, over such district (not exceeding ten miles

Monday, August 1, 2011

Monday, August 1, 2011

Once again, we are being

1. Lied to by the House of Reps.
2. Lied to by the Senate.
3. Lied to by His Presidence.

4. Lied to by all of the above.
5. They are all ignorant fools who really think they are doing some good here.

As per usual, the cuts are phony "not-cuts".  Let's see.  Obama gets a $900 Billion increase in the Debt Ceiling in exchange for $900 Billion plus $100 Billion in spending cuts.  That is itself sounds good, doesn't it.  But, oh, wait.  These cut are over ten years.  Ok.  Let's see.  The House is elected for two years.  And the Senate is elected for six years but only one third at a time (every two years).  His Presidence is elected for four years and can only be re-elected for six more.  (This is the more he is now running for with this early start he is getting now).  So let's see how we are doing.  In ten years, the House will be re-elected four times in ten years.  All three thirds of the Senate will be re-elected one or two more times.  His Presidence will be long gone whether or not he is re-elected in 2012. 

Do you really think any of these guys (and gals) are even going to remember (if they are still alive) what happened this year in 2021?  I have trouble remembering what I had for breakfast last Tuesday, and I am younger than at least a third of them. 

I haven't even, at this point, mentioned what they have done to change "the course of the Washington status quo.  Let's see:  Stimulus, more stimulus, even more stimulus.  Greed, half truths, non-commitment all seem to get the better of them all (if there ever was a better) when they get to Washington, DC.  Maybe it is something in the water.

The long and short of it is, when they voted down "Cap, Cut and Balance", we were all doomed no matter what else they try to "slink" past us.  At this point, my good nature has lost its way, and it can't find me.