your post: Greater than the Bible ? Yes ,Why so ? Because it guarantees the freedom of Religion and the Bible can’t do that !
The constitution that was probably based on judeo-christian values is under attack. Subject to change and ammendments by its demi gods. The Bible can do that ,depending on your perspective. Read matthew 24
…..what definition of honesty is used, how rights “guaranteed under the Constitution are unevely effected, and a “value chart” versus “price chart”- all tell the same story. We will have no chance of having a different quality of elected officials until we hit the maximum fear end of the spectrum where the many turn to God and to Gold. We may be moving in that direction, but IMO we have a long way to go.
Who sang the song that said, “Freedom’s just another word for, nothing left to lose?” Was the song “Bobby Maghee?” Anyhow, people are engaged in the down cycle, but they still feel like they have something left to lose. They are only now realizing that they have already lost all of the paper promises that deal with pensions and healthcare and Dow stock investments and housing investments and …….. They are just now beginning to understand “value”, and how many of their losses of value will be effected by the lower Dollar.
By the end, the many will truly understand the wisdom of our Forefathers and their keen insightful writing of the Constitution. Unfortunately, the masses who still feel they have “something left to lose” will stand in the way of any real progress until they give up hope. That is the human emotion pendulum in the sway from greed to fear.
I know that you understand that as well as most posters at this site. I don’t see any possibility of effecting change before the cycle runs out, or it would not be such a long and constant historical cycle for humans. Education takes a long-time to be effective. How many students in my daugher’s class learned to believe in Constitutional Rights, and how many of them learned that the reality is that those Rights are unavailable?
Now, maybe if you could promote more John Deere tractors with a “freedom symbol” on a button on the dash- you might have a quick fix.
… and they just lost …. big time. Think about that in terms of Liberals and Conservatives, or for ye Yanks, Republicans and Democrats. A shift this way comes ….
“by PMFEVER catch it if you can @ 23:21 pm.
Unfortunately, it seems that the definitions of “honesty” are not universal.”
I at first started to respond to your words with something about how difficult can it be to understand ‘Honesty’. Its not honest to lie, cheat, or steal. But then, seems I recall not that long ago that some in Washington had trouble even figuring out the meaning of what “Is” is. Or what constitutes ’sex’.
I would like to hope, think, that one of these days the American People will stop putting such idiots into public office. I can only begin to imagine, the level and threshold of pain we must first endure before that ever happens. Seems the best antidote/cure for the stupidity of others is an ounce or three in hand. Well, its a good start anyways.
Thanks Pm…Farmboy
in the 1980’s, while inflation raged and gold soared, bonds took a dive. i think the 30 year govt. went to 14-16 %. reagan decided that high interest rates would “wring inflation from the economy” which is also what happens in a recession. eventually, the interest rate got high enough that fiat started chasing bonds as it left gold. oil and gas also took a dive and oklahoma was in deep trouble. real estate, residential and commercial, crashed as did the banks.
booms and busts are never exactly the same. this time around, the etf’s and others that supposedly have gold will probably be exposed for the fraud they are. nothing works like the real thing so hang onto that physical.!!!
rno
Not Fair! Your using ‘value’ comparisons against the smoke and mirrors of others aint playing by ‘the rules’. (Grin)
Great ‘One Shot, One Kill’! (And another one bites the dust….and another one…and another one)
Best, Farmboy
what is going to happen to the economy and markets in North America, Australia/New Zealand, and Europe. In your heading at 22:23, did you mean to say ‘half-century’ rather than ‘half-decade’? In my opinion, election of a left-of-centre government in Japan is going to result in a loosening of the decades-long close relationship between Japan and the United States. Just my hunch - I really have no direct experience in Japanese business relationships. Cheers. Equiz.
Unfortunately, it seems that the definitions of “honesty” are not universal. It seems like when I was young, I saw people stay as close to the black line of absolute honesty as they could. Nowadays, it seems like many simply try to stay just off of the red line of dishonesty, then rationalize that they are not dishonest.
Rep. Frank eyes Fed audit, emergency lending curbs
Snip:
“WASHINGTON (Reuters) - Rep. Barney Frank, the chairman of the U.S. House of Representatives Financial Services Committee, said he plans legislation to restrict the Federal Reserve’s emergency lending powers and subject the central bank to a “complete audit.”
At a recent town hall meeting, Frank said the House would pass a bill to use an audit to crack open the central bank’s books more widely, but in a way that will not encroach on the central bank’s monetary policy independence.
In addition, he said the House would move to rein in the authority that allows the Fed to lend to a wide range of non-bank firms in “unusual and exigent circumstances.”
A bill sponsored by Texas Republican Rep. Ron Paul that would allow the Government Accountability Office, a federal watchdog agency, to audit Fed interest-rate decisions has won the co-sponsorship of more than half of the House.”
finance.yahoo.com/news/Rep-Frank-eyes-Fed-audit-rb-3402785272.html?x=0
Comment: Believe it when I see it. But sure having fun just thinking about the possiblitities. (grin)
Here is a chart that approximates the “value” of an investment in the US Bond. This chart shows the “value” of the Bond since losses in the underlying Dollar currency are shown. Now, where is that 20 year up channel that the article speaks about. Me thinks it was all an illusion so investors missed the fact that they lost 75% of the value of their US Bonds, unless they hedged the Dollar exposure.
———————————————————————
“We may have seen a blow off high for the 30 year T-bond when the price moved up and out of the channel that has been in effect since 1987. This channel was in place for 22 years without being violated in either direction.
” PMFEVER catch it if you can @ 22:52 pm.
Afterall, it has been said that “you cannot legislate morality…”
there are now in excess of a Million Laws on the books of this country, all basically trying to enforce the 10 Commandments. In my own experiences, I have even found trying to remember, and follow, the Ten Commandments can be challenging.
This evening I put forth an even more simple, but effective ‘moral compass’ with a single word. Honesty. Imagine if the dimwits in Washington and Wall St could/would allow that simple one word to guide thier actions?
Best, Farmboy
As you know Mt Wilson is where the broadcast towers are located for metro L.A. The wildfire is about to take them out.
….He was a raging Gold Parabolic Bull until a few weeks ago….Now he sees Deflation and HUI 35…Looks Like he has joined Prechter..the Uber Gold Bear !
…From what I have read…Gibsons Paradox says Gold Moves With Bond Yields….The Higher the Bond Yields go…the Higher Gold goes in price…isnt that what happened in the 70s ?
Thus, at the same time that one party is “not afforded his rights”, many times another is taking rights he does not have. The same is true with laws as you have pointed out.
Thus, in my example with the school child the teacher was hazing a child without cause.
…and whatever happened to Another and his Friend ?
….Hey you Guys….if you are out there Lurking….give us a sign you are OK …
Good one. Never thought about it in that light, point of view.
Best, Farmboy
I have argued that one can do anything until someone in power with power stops you. You can jay walk or even go rob a Bank if no one stops you and of coarse they will with deadly force under the laws of the land. If you ignor the jay walking ticket it can escalate into deadly force if you push it to that point. All a matter of escalating law enforcement from the trival to the serious. Deadeye
Gold and Silver Hidden Chart Messages
Snip:
“We may have seen a blow off high for the 30 year T-bond when the price moved up and out of the channel that has been in effect since 1987. This channel was in place for 22 years without being violated in either direction. A blow-off high may indicate that a breach of the lower channel line will occur. A close below the lower channel line will indicate rising interest rates. That would be bullish for the U. S. Dollar and bearish for gold Vis a Vis the U. S. Dollar.”
www.marketoracle.co.uk/index.php?name=News&file=article&sid=13102
Comment: I will let the chartists and TA Experts cipher the meanings in this article. My simple mind and beliefs stay the course with the mantra of Gold in Hand. Gold goes up, fine by me. Should Gold suffer a severe drop in the near future, well,…sounds like maybe the last chance to load the wagon. Have little in the way of formal education. Probably a good thing. I still plow one row at a time. Increase my ‘savings’ an ounce or two at a time. During the past ten years, these simple thoughts have proven often better than the Best & Brightest offered on Wall St or CNBC. Go Figure?? (grin)
THIS…..IS IT !
U.S. CONSTITUTION ESTABLISHES A BIMETALLIC STANDARD
Very, very simple is the language of the Constitution, but it is quite profound in its economic and political consequences. In Article I, Section 8, Clause 5 and Article I, Section 10, Clause 1, the Constitution adopts silver and gold coin exclusively as the money of the United States.
Now the standard in this system is the dollar, and, if you know nothing else about the monetary system of the United States constitutionally, learn what a dollar is. A dollar is a silver coin containing 371-1/4 grains of silver. That word is mentioned twice in the Constitution: in Article I, Section 9 and in the Seventh Amendment, guaranteeing the right to jury trial.
In the system that the founding fathers devised, the legal value of all the silver coinage must be proportional to the weight of silver they contain, and the legal value of all the gold coinage must be proportional to the weight of gold that the coins contain in relationship to the exchange value between silver and gold at the prevailing free market exchange rate.
All silver and gold coins may be legal tender for the values of silver and gold they actually contain, and Congress has the authority to, as the Constitution says, regulate the value according to these principles.
FIAT MONEY PROHIBITED
In Article I, Section 8, Clause 2 and Article I, Section 10, Clause 1, the Constitution prohibits explicitly or implicitly the emission of any form of what was called in those days “bills of credit”. Today we would call that paper money.
Properly construed these provisions preclude any government at any level from granting special legal privileges to the notes, deposits, or currencies of private banks as well, or allowing private banks to use governmental debt as so-called reserves for the emission of bank notes.
GOLD AND SILVER COIN ONLY AS LEGAL TENDER
No matter what rights are enumerated in the Constitution, those rights are only as good as the willingness of people in power to effect them. Thus, in court you have no rights unless your lawyer argues them. In school, you have no rights unless the administration and teachers allow them.
Last night I suggested that honesty, integrity, and accountability ebb and flow along with the long-term cycles of fear and greed. With that ebb and flow, it might well be that the rate at which Constitutional rights are effected, also ebbs and flows. Afterall, it has been said that “you cannot legislate morality”………..even if the different parts of the Constitution to a large extent define it.
except those hidden away to save them from destruction from a totalitarian ruler - be they the heirs of Hitler or Stalin or Tojo or some Moslem world power. We can complain about the US but our country has fought back against evil. Yeah we are not perfect but who is? We would be close to perfect if we had strictly adhearded to our founder’s Constitution. Please go read it before the flames start. Deadeye
We the People Clause
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to
ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
LOL!!
This deserves a Place in Famous Quotes
Paper money eventually returns to its intrinsic value ZERO” - Voltaire 1729