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∅baMa∅ Tse Dung October 2nd 10 08:24 PM

Liberal Fascists Versus Gold
 
One of the many slick tricks of the Obama administration was to insert
a provision in the massive Obamacare legislation regulating people who
sell gold. This had nothing to do with medical care but everything to
do with sneaking in an extension of the government's power over gold,
in a bill too big for most people to read.

Gold has long been a source of frustration for politicians who want to
extend their power over the economy. First of all, the gold standard
cramped their style because there is only so much money you can print
when every dollar bill can be turned in to the government, to be
exchanged for the equivalent amount of gold.

When the amount of money the government can print is limited by how
much gold the government has, politicians cannot pay off a massive
national debt by just printing more money and repaying the owners of
government bonds with dollars that are cheaper than the dollars with
which the bonds were bought. In other words, politicians cannot cheat
people as easily.

That was just one of the ways that the gold standard cramped
politicians' style-- and just one of the reasons they got rid of it.
One of Franklin D. Roosevelt's first acts as president was to take the
United States off the gold standard in 1933.

But, even with the gold standard gone, the ability of private
individuals to buy gold reduces the ability of the government to steal
the value of their money by printing more money.

Inflation is a quiet but effective way for the government to transfer
resources from the people to itself, without raising taxes. A hundred
dollar bill would buy less in 1998 than a $20 bill would buy in the
1960s. This means that anyone who kept his money in a safe over those
years would have lost 80 percent of its value, because no safe can
keep your money safe from politicians who control the printing
presses.

That is why some people buy gold when they lose confidence in the
government's managing of its money. Usually that is when inflation is
either under way or looming on the horizon. When many people start
transferring their wealth from dollars into gold, that restricts the
ability of politicians to steal from them through inflation.

Even though there is currently very little inflation, purchases of
gold have nevertheless skyrocketed. Ordinarily, most gold is bought
for producing jewelry or for various industrial purposes, more so than
as an investment. But, at times within the past two years, most gold
has been bought by investors.

What that suggests is that increasing numbers of people don't trust
this administration's economic policies, especially their huge and
growing deficits, which add up to a record-breaking national debt.

When a national debt reaches an unsustainable amount, there is always
a temptation to pay it off with inflated dollars. There is the same
temptation when the Social Security system starts paying out more
money to baby boom retirees than it is taking in from current workers.

Whether gold is a good investment for individuals, and whether the
gold standard is the right system for a country, are much more
complicated questions than can be answered here. But what is clear is
that the Obama administration sees people's freedom to buy and sell
gold as something that can limit what the government can do.

Indeed, freedom in general cramps the government's style. Those on the
left may not be against freedom in general. But, at every turn, they
find the freedoms granted by the Constitution of the United States
hampering the left's agenda of imposing their superior wisdom and
virtue on the rest of us.

The desire to restrain or control the buying and selling of gold is
just one of the many signs of the inherent conflict between the
freedom of the individual and the left's attempts to control our
lives.

Sneaking a provision on gold purchases and sales into massive
legislation that is supposedly about medical care is just one of the
many cynical tricks used to circumvent the public's right to know how
they are being governed. The Constitution begins, "We the people" but,
to the left, both the people and the Constitution are just things to
circumvent in order to carry out their agenda.

http://www.tsowell.com/cv.html

http://townhall.com/columnists/Thoma...cs_versus_gold

John Smith October 2nd 10 08:47 PM

Liberal Fascists Versus Gold
 
On 10/2/2010 12:24 PM, ∅baMa∅ Tse Dung wrote:

...

in a bill too big for most people to read.


Excellent point! Why should I have to constantly be demanding my public
servants first read what they vote on? I mean a moron usually can
figure that out; What is up with them?

Gold has long been a source of frustration for politicians who want to
extend their power over the economy. First of all, the gold standard
cramped their style because there is only so much money you can print
when every dollar bill can be turned in to the government, to be
exchanged for the equivalent amount of gold.


The is one rule, the golden rule ... but then, there is a second rule
which deserves honorable mention, "If you want to keep your money though
all this, without chance of loss, PUT IT IN GOLD!

When the amount of money the government can print is limited by how
much gold the government has, politicians cannot pay off a massive
national debt by just printing more money and repaying the owners of
government bonds with dollars that are cheaper than the dollars with
which the bonds were bought. In other words, politicians cannot cheat
people as easily.


There are problems with the gold standard, but in lieu of the present
money system, it would be better ... at least until we get a handle on
the crooks, banking into the hands of our government, and the government
back in the hands of the people.

That was just one of the ways that the gold standard cramped
politicians' style-- and just one of the reasons they got rid of it.
One of Franklin D. Roosevelt's first acts as president was to take the
United States off the gold standard in 1933.


Give me a list of the republi-crats demanding to return to the gold
standard, I will vote for them ... as far as I can tell, I won't be
doing that anytime soon, demo-cans just as bad ...

But, even with the gold standard gone, the ability of private
individuals to buy gold reduces the ability of the government to steal
the value of their money by printing more money.


I am not aware of any laws which keep you from trading your good and/or
services for gold, silver, platinum, or any precious metal (well, not
uranium or plutonium, etc.) Just refuse to take worthless dollars ...

Inflation is a quiet but effective way for the government to transfer
resources from the people to itself, without raising taxes. A hundred
dollar bill would buy less in 1998 than a $20 bill would buy in the
1960s. This means that anyone who kept his money in a safe over those
years would have lost 80 percent of its value, because no safe can
keep your money safe from politicians who control the printing
presses.


Inflation is the carrot before the horse ... when you are in danger of
achieving the "American Dream", they hit the inflation button and you
stay with your nose to the grindstone ... if you are just figuring that
out, bud, it is too late for you ... we had price controls which
prevented this from happening, indeed, the price controls had been
implemented because of the great depression ... regan tore 'em off and
it has been downhill ever since.

That is why some people buy gold when they lose confidence in the
government's managing of its money. Usually that is when inflation is
either under way or looming on the horizon. When many people start
transferring their wealth from dollars into gold, that restricts the
ability of politicians to steal from them through inflation.


When idiots will trade goods and services for worthless paper promises,
you use those ... when they won't, you are forced to use gold ... don't
make it sound complicated ...

Even though there is currently very little inflation, purchases of
gold have nevertheless skyrocketed. Ordinarily, most gold is bought
for producing jewelry or for various industrial purposes, more so than
as an investment. But, at times within the past two years, most gold
has been bought by investors.


There is little inflation because no one is buying the homes, cars, etc.
at the current prices ... since wages always trail inflation, it is
nonsensical to ever think that inflating those prices will cure the
problem which inflated prices caused ... but hey, you are dealing with a
government which gave the wealthiest 1% of the people money to bail
them out of the "recession" (depression.) With that type of logic, what
do you expect?

...


The rest is just kinda redundant, repetitive and bitchy--you imply no
recourse's, fixes, cures, etc. ... a response is unnecessary ...

Regards,
JS

Nickname unavailable October 2nd 10 10:15 PM

Liberal Fascists Versus Gold
 
On Oct 2, 2:24*pm, ∅baMa∅ Tse Dung wrote:


it is impossible for liberals to be fascists. fascists hate liberals,
trade unionist, socialists, communists, jews(because most of them are
liberal), the weak, the disabled, minorities, homosexuals. they are
intolerant of other views and religions. they practice bigotry,
racism, and homophobia, etc. say, i just described the modern
conservative movement:)


Nickname unavailable October 2nd 10 10:22 PM

Liberal Fascists Versus Gold
 
On Oct 2, 2:24*pm, ∅baMa∅ Tse Dung wrote:


The aristocrats and gentlemen of the Right who made up the majority of
Hitler's cabinet hated the concept of democracy even more than the
Nazis did, All over Germany, thugs in brown shirts took possession of
the streets and roughed up Communists, socialists, and Jews; they
chased socialist mayors and officials out of government buildings

http://www.buy.com/prod/hitler-and-h...q/loc/106/3042...

Chapter 1: Financing the 1933 Elections
On the cold winter weekend of January 28, 1933, Germany was officially
without a government. Chancellor Kurt von Schleicher and his cabinet
had resigned on Saturday afternoon, and eighty-six-year-old President
von Hindenburg had not yet appointed a new chancellor. A nervous
tension spread over Berlin. Everyone waited for news; most felt
Germany was at an historic turning point.
Who would be the next chancellor? Hitler - the leader of the largest
party, the Nazis, who pledged to destroy democracy? Papen - the
aristocratic horseman who had been chancellor before Schleicher, but
who had no popular following? Perhaps Schleicher again, if he could
persuade the Social Democrats, the second largest political party in
the country, to join him in a coalition? Governing Germany in the
middle of an economic depression with nine million unemployed was not
an enviable task. The country had just had three different chancellors
in rapid succession. By tradition, the leader of the largest party was
usually appointed chancellor. But the Nazis had been the largest party
for over a year, and so far intrigues and political maneuvering had
succeeded in keeping Hitler out of power. Everyone guessed what a
Hitler government would mean. He had not kept his militarism, anti-
Semitism, and dictatorial ambitions a secret.
Political intrigues were so numerous that weekend that no one really
knew what was going on. Sensational rumors were being spread
throughout the city. Some said an army coup was imminent, that
Schleicher and the generals were about to abduct President von
Hindenburg and declare martial law. There were also rumors of an armed
Nazi uprising and a general strike by the socialist workers.
Hitler and Hermann Goering, the second most powerful man in the Nazi
party, stayed up all night on Sunday, January 29, trying to figure out
what Hindenburg might do. It was not until after 10 A.M. on Monday
that Hitler received a summons to the president's office. Even at that
point, the Nazis were not certain whether Hitler would be appointed
chancellor or Hindenburg would ask him to serve as vice-chancellor.
Across the street from the Chancellery, in the Kaiserhof Hotel,
Hitler's lieutenants were waiting, unsure of what was going on.
Goebbels, the Nazi propaganda chief, said:

In the street the crowd stands waiting between the Kaiserhof and the
Chancellery. We are torn between doubt, hope, joy and despair. We have
been deceived too often to be able, wholeheartedly, to believe in the
great miracle. [S.A.] Chief of Staff Roehm stands at the window (with
binoculars) watching the door of the Chancellery from which the
Fuehrer [the leader, Hitler] must emerge. We shall be able to judge by
his face if the interview was a success. Torturing hours of waiting.
At last, a car draws up in front of the entrance. The crowd cheers.
They seem to feel that a great change is taking place....
A few moments later, he is with us. He says nothing. His eyes are full
of tears. It has come! The Fuehrer is appointed Chancellor. He has
already been sworn in by the President of the Reich. All of us are
dumb with emotion. Everyone clasps the Fuehrer's hand....Outside the
Kaiserhof, the masses are in a wild uproar....The thousands soon
become tens of thousands. Endless streams of people flood the
Wilhelmstrasse. We set to work...at once.
Hitler's victory was not a complete one by any means. He had been
appointed chancellor in a coalition government. Papen was to be his
vice-chancellor, and all the powerful cabinet posts were held by
Papen's conservative allies, rather than the Nazis. But at the moment,
Hitler's followers weren't worried about the details; for them the
only thing that mattered was that Hitler was chancellor. They had come
to power! All day, crowds gathered in the square outside the Kaiserhof
Hotel and the Chancellery.
At dusk Nazi storm troopers in their brown uniforms gathered in the
Tiergarten park, along with men of the Stahlhelm, an
ultranationalistic veterans' organization, for a torchlight victory
parade through the center of Berlin. As soon as it was dark, they came
marching by the thousands through the Brandenburg Gate, carrying
swastika flags and the black, white, and red flags of the German
empire. Bands marched between the units, beating their big drums as
the men sang old German military songs. But as each band came to the
Pariser Platz, where the French embassy was located, they stopped
whatever they were playing and, with an introductory roll of drums,
broke into the tune of the challenging war song "Victorious We Will
Crush the French."
The torches carried by the marchers glowed hypnotically in the
darkness. To foreign witnesses, it was a frightening sight. "The river
of fire flowed past the French Embassy," Ambassador François-Poncet
wrote, "whence, with heavy heart and filled with foreboding, I watched
this luminous wake." Liberal Germans found it an "ominous sight." It
was, wrote one German reporter, "a night of deadly menace, a nightmare
in...blazing torches."
As the marchers came by the Chancellery, there were tumultuous cheers
for Hitler, who stood in an open window saluting them. He was so
excited that night, he could hardly stand still. He was raising his
arm up and down heiling, smiling, and laughing so much, his eyes
filled with tears. "It was an extraordinary experience," recalled
Papen, who was standing behind Hitler. "The endless repetition of the
triumphal cry: 'Heil, Heil, Sieg Heil!' rang in my ears like a
tocsin." When Hitler turned to speak with Papen, his voice choked with
emotion. "What an immense task we have set for ourselves, Herr von
Papen - we must never part until our work is accomplished." Hitler and
Papen were much closer allies than anyone at the time imagined.
It was after midnight when the parade ended. Being too excited to
sleep, Hitler, Goering, Goebbels, and a few other Nazis sat up talking
for hours. They could hardly believe it had actually happened: they
were in the Chancellery at last. That evening, Hitler said to
Goebbels, "No one gets me out of here alive." It was one of the few
promises he kept.
On the morning of January 31, Hitler's storm troopers gave the German
people a glimpse of what Nazi rule would be like. All over Germany,
thugs in brown shirts took possession of the streets and roughed up
Communists, socialists, and Jews; they chased socialist mayors and
officials out of government buildings and even broke into the private
homes of their political enemies. When people complained to Papen, he
laughed. "Let the storm troopers have their fling." Among his friends
at the Herrenklub, an exclusive gentlemens club, he boasted: "We've
hired Hitler." To a skeptic he replied: "What do you want? I have
Hindenburg's confidence. Within two months we will have pushed Hitler
so far in the corner that he'll squeak."
The facts seemed to support Papen's optimism. Not only did Papen have
Hindenburg"s confidence, but in fact the old president had promised
never to receive Hitler unless he was accompanied by his vice-
chancellor. Papen also held the important post of minister-president
of Prussia, Germany's largest and most powerful state. From the
composition of the cabinet, it seemed all the real power was in the
hands of the conservatives: the aristocratic General von Blomberg was
minister of defense, Baron von Neurath, a career diplomat, was foreign
minister, and the old archreactionary Hugenberg was both minister of
economics and minister of agriculture. The Nazis were outnumbered six
to two.
The two Nazis in the cabinet, Wilhelm Frick and Goering, held posts
that were thought to be insignificant. Frick was minister of the
interior, but he did not control the police, which in Germany was
under the jurisdiction of the individual state governments. Goering
was made minister without portfolio, but with the promise that he
would be minister of aviation as soon as Germany had an air force. He
was also named minister of the interior of Prussia, an office that did
not receive much notice by the public but did control the Prussian
police.
The aristocrats and gentlemen of the Right who made up the majority of
Hitler's cabinet hated the concept of democracy even more than the
Nazis did. These men belonged to the old ruling class of the kaiser's
Germany. They wanted to regain their old position of supremacy, lost
in 1918. They wanted to restore the monarchy, suppress the socialist
unions, avenge the loss of World War I, and make Germany the dominant
power in Europe. It was obvious why such reactionary nationalists
helped put Hitler in power: their goals and his were very similar.
Few people knew the full extent of Papen's collaboration with Hitler.
Historians have said he "did more than anyone else outside the Nazi
party to help Hitler to power." Papen helped Hitler because he was
trying to control him and use the Nazis for his own aims.
Papen was a handsome aristocratic-looking man with distinguished gray
hair and an officer's mustache. From an impoverished family of the
Westphalian nobility, he became a General Staff officer, a skillful
horseman, and a man of great charm. After a successful marriage to the
daughter of a wealthy Saar industrialist, he bought a large block of
shares in the Center party's newspaper, Germania. For a short time in
1932, Papen was chancellor, but his government had no popular support.
Papen believed it would be rather easy for an aristocratic officer
like himself to manipulate a former corporal, like Hitler, and thus be
able to use the Nazi's mass following to accomplish the aims of the
upper-class conservative nationalists.
Hitler immediately began to outmaneuver his conservative colleagues.
He reported to the cabinet that the Center party was making impossible
demands and could not be counted on to form a coalition with the Nazis
and the Nationalists that would have a majority in the Reichstag.
Because of this situation, Hitler argued he would have to call for new
elections. The only "demand" the Center party made was that Hitler
promise to govern constitutionally, but none of the other members of
the cabinet bothered to check Hitler's statement. They agreed to new
elections on the condition that Hitler promise that the composition of
the cabinet would not change regardless of the outcome of the voting.
New elections would provide Hitler with a chance to improve on the
poor results the Nazis had received at the polls the past November. If
the Nazis won a clear majority in the elections, they might be able to
get rid of their coalition partners. Hitler had every reason to
believe the election campaign would be a big success. The entire
machinery of government, including the radio, was now under Nazi
control and could be used for campaigning. The party had been flooded
with new applicants for membership since he had become chancellor. In
the cabinet meeting on February 2, Hitler discussed his preparations
for the elections. Wilhelm Frick, the Nazi minister of the interior,
proposed that the government set aside a million marks for the
election campaign. Count von Schwerin von Krosigk, the minister of
finance, rejected this suggestion. Hitler did not force the issue. He
would have to get the money elsewhere.
The theme of the Nazi election campaign was to be the fight against
communism. Hitler opened the attack in a late-night radio broadcast to
the nation on February 1. He blamed the hard times Germany had gone
through since 1918 on the Social Democrats, which had been the largest
party in the Reichstag during most of those years. The Social
Democrats, he reminded his listeners, were actually a Marxist party.
"Fourteen years of Marxism," he said, "have ruined Germany; one year
of bolshevism [communism] would destroy her. The richest and fairest
territories of the world would be turned into a smoking heap of ruins.
Even the sufferings of the last decade and a half could not be
compared to the misery of a Europe in the heart of which the red flag
of destruction has been hoisted." He went on to promise to put the
unemployed back to work and save the peasants from bankruptcy.

On his fourth day in office, just after opening the election
campaign, Hitler took time off to attend a very important dinner. He
had been invited to the home of General von Hammerstein, chief of
staff of the army, to meet the leading officers of the army and navy.
In a speech that lasted almost two hours, Hitler explained his plans
for rebuilding German military power.
The generals were the real power in Germany during the Weimar period.
After World War II, many Germans tried to cover up the role certain
members of the Officer Corps had played in helping to put Hitler in
power. Many historians naively accepted this view, but the real story
is quite different. Traditionally, the German Army ruled from behind
the scenes and had the final "power to veto" any important issue.
After the loss of World War I, the Versailles Treaty severely
restricted the size of the German Army. The only way the generals
could maintain mass training and develop new weapons was to finance
private paramilitary units, like the Free Corps, with secret army
funds.
Hitler not only began his career as an army agent, but even in the
1930s he was supported by a powerful faction in the army. Over several
years, General von Schleicher, who was in charge of a secret informal
political department of the army, funneled over ten million marks to
Hitler. Why? Many military officers wanted an authoritarian government
that could unify the nation. The people needed to be infused with a
new spirit of patriotism because powerful interests were planning a
war of revenge against the Allies. Naturally there was a division of
opinion among the generals as to how much power to give Hitler.
Hindenburg originally had strong reservations about appointing a man
from a lower-class background, like Hitler, chancellor. However, the
aggressive action the Nazis took against Communists was admired by
Hindenburg, and his relationship with Hitler rapidly improved.
One day, Hindenburg summoned Hitler when Papen was away from Berlin.
Hitler informed the president that Papen was out of town and reminded
him of the rule he (Hindenburg) had made, that the chancellor could
visit him only when accompanied by the vice-chancellor. "The old
gentleman [Hindenburg]," said Hitler, "replied that he wished to see
me alone, and that in the future the presence of Papen could be
regarded as unnecessary. Within three weeks, he had progressed so far
that his attitude towards me became affectionate and paternal. Talking
of the elections fixed for the 3rd of March, he said, 'What are we
going to do if you fail to get a majority? We shall have the same
difficulties all over again.'"
At the beginning of the election campaign, Hitler and Papen persuaded
old President von Hindenburg to sign an emergency decree to protect
law and order. The decree gave Nazi officials the right to prohibit
public meetings. Newspapers could be suppressed if they "incited"
civil disobedience or published "false" reports.


Nickname unavailable October 2nd 10 10:23 PM

Liberal Fascists Versus Gold
 
On Oct 2, 2:24*pm, ∅baMa∅ Tse Dung wrote:


*here are the three 3 phases of conservative decay.
1.conservatism(policies always fail)
2. libertarianism(the drive for purity, the conservative polices and
those that implemented them, were not pure enough)
3. fascism(the rise of the strong man to ensure purity), the
strongman
will drive out the impure, liberals, jews, immigrants, trade
unionists, communists, socialists, those with mental and physical
defects,
gypsies, etc. this to fails on a huge scale. just look what happened
to the central european fascists. they collapsed their economies, and
came up millions of workers and soldiers short.

Nickname unavailable October 2nd 10 10:25 PM

Liberal Fascists Versus Gold
 
On Oct 2, 2:47*pm, John Smith wrote:


there is only one rule that you need to know, and that is those that
own the gold, write the rules. cash is king in a deflating economy.

oh the irony:gold bugs are getting screwed by the private sector that
is selling debased coins:They include false gradings on the quality of
the coins, the use of cheaper alloys instead of pure gold and even
brazen scams where you don't actually even own the gold that you buy


gee, i thought gold based money could not be debased,
SNICKER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!
thank god for conservatives/libertarians/fascists, without their
stupidity in the market place, the con artists would starve:)

http://finance.yahoo.com/banking-bud...d=bb-budgeting

Five Hidden Costs of Gold
by Jeff Reeves
Wednesday, September 29, 2010


Commentary: Investing in gold isn't as easy as it looks
There's a lot of talk right now about how gold is booming, and how
gold bugs who have been stashing bullion under their mattresses over
the last decade or so have made a killing.
That may be true if you look at the price of the yellow stuff per
ounce. The price of an ounce of gold is up about 30% in the last year,
or over 400% in the last 10 years. How does that relate to actual
returns for investors?
The truth is that gold has steep hidden costs, and that looking at the
numbers on paper doesn't tell the whole story. Here are big costs many
investors overlook.
Higher taxes
The affinity for gold investing and a dislike of the government seem
to go hand in hand, from predictions that massive government debt will
render the dollar worthless to conspiracy theories that there will be
another Executive Order 6102 in which Uncle Sam loots your safe
deposit box and seizes your gold.
But the biggest reason for gold investors to get mad at the feds is
their tax bracket. The IRS taxes precious metal investments
including gold ETFs like the SPDR Gold Trust (NYSE: GLD - News) and
iShares Silver Trust (SLV - News) as collectibles. That means a long-
term capital gains tax of 28% compared with 15% for equities (20% if
and when the Bush tax cuts expire next year).
While you may see your gold as a bunker investment, the IRS will treat
you the same as if you were hoarding Hummel figurines. And that means
a bigger portion of your gold profits go to the tax man.
Zero income
Just as the math game on gold price appreciation doesn't tell the
whole story, the lack of regular payouts is another reason why the
long-term profits quoted in gold are incomplete. Many long-term
investors can't afford to stash their savings in the back yard for 20
years. Income is a very valuable feature of many investments and gold
simply doesn't provide that.
Remember, simply looking at returns in a vacuum can't tell you whether
an investment is "good" or "bad." Is it a good idea for a 70-year-old
retiree on a fixed income to bet on penny stocks because they could
generate huge profits? Even if those trades pay off, 99 out of 100
advisers would say something akin to "You got lucky this time, but
don't tempt fate. Quit while you're ahead and don't be so aggressive."
Similarly, the volatile and income-starved gold market is not a place
for everyone. Just because past returns for gold have been so stellar,
that does not mean that gold is low risk or that investors who need a
secure source of regular income will be well-served.
Gold scams take a toll
In a previous article, I detailed gold coin scams in detail. They
include false gradings on the quality of the coins, the use of cheaper
alloys instead of pure gold and even brazen scams where you don't
actually even own the gold that you buy. And that's just on the coins
front. Scams abound in pawn shops and "cash for gold" enterprises that
refuse to give you a true value for your jewelry or other gold items.
You'd think it would be obvious that precious metals should never be
purchased from anyone other than a broker or seller of good repute who
provides proper documentations. But many investors fail to do their
homework, or worse, can't tell forged documents from real ones.
Gold is ready-made to be a retail sales item, and with that comes all
manner of unscrupulous activity. Vigilant investors can protect
themselves, but do not underestimate the very real price of being
taken to the cleaners by a gold scam if you don't do your homework.
High ownership and storage costs
Maybe through some creative accounting or selective amnesia at tax
time you can mitigate the tax burden of gold. But one expense you
can't as easily avoid is the high ownership cost of gold. After all,
it's not like you mined it yourself and all those middlemen between
the ore and you want to get paid.
The first is that old tightwad Uncle Sam again. Even if you can avoid
him going on the capital gains front, he gets you coming into gold via
sales tax on most jewelry and coins. And then there are the high
transaction costs and commissions that gold can carry. Anyone who has
bought jewelry knows significant markups are part of the precious
metals trade, and that's the same for investment gold as it is for
engagement rings. The bottom line is that some of your initial buy-in
goes towards the business of gold and you'll never get it back, not
unlike realtor fees or broker fees.
And then there's the additional cost of storing your gold. You have to
pay a fee for a safe deposit box, and if you have a lot of gold, that
can run you a few hundred bucks a year for a good-sized box. Of course
if you're afraid of that Order 6102 scam pulled by FDR you likely have
your gold at home in a safe so that's a one-shot deal. But are you
really foolish enough to distrust the government but trust your gold
stash to be safe without insurance?
The presumed "safety" of gold is good on paper, but obtaining the
actual metal and keeping it safely stored is a costly endeavor.
Yes, gold can lose value
Proponents of gold love to claim that gold has never been worthless
like Lehman Bros. or GM. And while this is true on its face, it is
actually a half-truth. While gold may never become worthless, it is
foolish to think it will never lose value.
Consider that after reaching a record high of $850 per ounce in early
1980, gold plummeted 40% in two months. The average price for gold in
1981 fell to a mere $460 an ounce and continued nearly unabated
until bottoming with an average price of around $280 in 2000. For
those folks in their 40s and 50s who bought gold at that 1980 high, it
took them 28 years to reclaim the $850 level. That's hardly much of a
retirement plan, unless they lived to be 80 or 90 and just cashed out
recently.
Gold is an investment, period. And no matter how gold bugs spin the
metal as a hedge against inflation and a sure thing that will only go
up, gold can lose its value sometimes in a hurry, as in the early
1980s.
Jeff Reeves is the editor of InvestorPlace.com. Follow him on Twitter
at twitter.com/JeffReevesIP
___


John Smith October 2nd 10 11:41 PM

Liberal Fascists Versus Gold
 
On 10/2/2010 2:25 PM, Nickname unavailable wrote:

...


You buy gold to protect yourself, it works well. If you are a damned
fool which buys a piece of paper that says you own gold, count on it
being worth the paper and ink ... and, if you are that stoopid, you
ain't fooling me--you won't even have the money to buy gold with! ROFLOL

Further, if some sells you a gold plated lead coin, you are a fool in
the first place ... indeed, I think you are a fool for buying coins in
the first place ... gold has value ... the fact it is in the shape of a
coin only has value in someones' mind.

My gawd man, if you are really all that stoopid, you should NOT even be
in charge of your own finances! Can't the court appoint someone to care
for you?

Regards,
JS



John Smith October 3rd 10 05:12 AM

Liberal Fascists Versus Gold
 
On 10/2/2010 7:21 PM, Nickname unavailable wrote:
On Oct 2, 8:06 pm, John wrote:
On 10/2/2010 5:32 PM, Nickname unavailable wrote:

...
who is ignoring that. wages have risen along with prices. gold goes
up in price, gold falls in price. suckers who bought gold in the early
80's, still have not recouped their losses. its a poor investment,
pays no dividends, makes no income, and is only valuable for
electronics and jewelery.


Regards,
JS


Wrong, again ... up until the 1960's, or around there, it was
universally known in America, the rule, "A fair days pay for a fair days
work." This is no longer so ...



what does that have to do with the price of gold.


Minimum wage, still in 1970, would buy you about 10 gallons of gas--it
was $1.65 p/hr; Gas is now 10x as much. A fair 1 bedroom apartment
would run you ~$80.00 a month--utilities included; Today, it would cost
you in excess of 10x as much. A nice new car would run you
$1,800-$2,000; Today, a car of "equal" value would be 10x as much.


yes wages have fallen, it has nothing to do with fiat currency, or
gold. it has to do with a rising economic aristocracy.


The point to all the above? For minimum wage to have kept up with
inflation, minimum would have to be ~$16.50 p/hr.



so. that still does not mean a thing about fiat currencies and gold.


Now, I believe minimum wage is less than 1/2 of that ... only a fool
would attempt to sell, as fact, that wages have kept any where near the
rate of inflation. Sell that chit to some fool ... real wages have even
suffered worse!



wages are a problem. demand is wage driven, deflation is a lack of
demand. as long as wages are not addressed, assets and prices will
fall, including gold. gold has nothing to do with wages. i think this
stuff is way over your head. no wonder the gold bugs are plundering
you.


Regards,
JS



It is thinking like yours that got us here ... you go on ahead. I think
enough know what to do now ...

Regards,
JS


RHF October 3rd 10 05:17 AM

Liberal Fascists Versus Gold
 
On Oct 2, 5:33*pm, Nickname unavailable wrote:
- - On Oct 2, 7:00*pm, John Smith wrote:
- - And, for you, I am sure, I will have to point out,
- - that IS called inflation!
- - *It is a most practical example too.
- - Regards,
- - JS

- the gold standard has never stopped inflation,
- nor a currency collapse.

But Gold Itself Has NOT Collapsed : Just the
worthless paper currency.

Something of Value Will Retain It Value
and Be Of Value.

Currency exists as a medium to easily and readily
Acquire Something of Value. Currency is a Means
to an End and the End is Always Something of Value.

Gold Can Be Something of Value provided that
someone has everything they need and wants
some Gold in exchange for something they wish
to sell for the Gold.

Would You Sell :
Your Last Bottle of Clean Water for Gold ?

Would You Sell :
Your Last Loaf of Bread for Gold ?

Would You Sell :
Your Last Chicken for Gold ?

Would You Sell :
Your Last Box of Matches for Gold ?

Would You Sell :
Your Last Package of Vegetable Seeds for Gold ?

Would You Sell :
Your Last Fishing Hook for Gold ?

Would You Sell :
Your Last Gallon of Gasoline for Gold ?

Would You Sell :
Your Last Gun and a Box of Ammo for Gold ?

yes there are times when gold has little or no value
-wrt- the necessities of day to day survival ~ RHF

John Smith October 3rd 10 05:20 AM

Liberal Fascists Versus Gold
 
On 10/2/2010 7:17 PM, Nickname unavailable wrote:
On Oct 2, 7:59 pm, John wrote:
On 10/2/2010 5:33 PM, Nickname unavailable wrote:

...
the gold standard has never stopped inflation, nor a currency
collapse.


A bizarre meaningless comment does you no good ...



really. then pray tell why the dollar collapsed in 1930, when it was
backed by gold. only a few coutries stayed on the gold standard after
1930. and their economies imploded. you are way out of your league.

if you want to hold
on to a piece of paper, after noting the importance of gold, even to
industry, you must be an idiot ... what circular logic and reasoning ...
nothing short of bizarre ...



then why will the owners of gold, gladly sell you their valuable
gold, for little green pieces of paper. you are driven by fears. those
fears are being driven by those who sell gold, for little green pieces
of paper.


Regards,
JS



Actually, we would still be on the gold standard if the government had
not made it illegal and abolished it ... a clear example of how the
people are never wrong, whenever there is a question, "Who is wrong?"
It will ALWAYS be the government ...

Regards,
JS


[email protected] October 3rd 10 05:33 AM

Liberal Fascists Versus Gold
 
On Oct 3, 12:20*am, John Smith wrote:
On 10/2/2010 7:17 PM, Nickname unavailable wrote:





On Oct 2, 7:59 pm, John *wrote:
On 10/2/2010 5:33 PM, Nickname unavailable wrote:


...
* *the gold standard has never stopped inflation, nor a currency
collapse.


A bizarre meaningless comment does you no good ...


* really. then pray tell why the dollar collapsed in 1930, when it was
backed by gold. only a few coutries stayed on the gold standard after
1930. and their economies imploded. you are way out of your league.


* if you want to hold
on to a piece of paper, after noting the importance of gold, even to
industry, you must be an idiot ... what circular logic and reasoning ....
nothing short of bizarre ...


* then why will the owners of gold, gladly sell you their valuable
gold, for little green pieces of paper. you are driven by fears. those
fears are being driven by those who sell gold, for little green pieces
of paper.


Regards,
JS


Actually, we would still be on the gold standard if the government had
not made it illegal and abolished it ... a clear example of how the
people are never wrong, whenever there is a question, "Who is wrong?"
It will ALWAYS be the government ...

Regards,
JS- Hide quoted text -

- Show quoted text -


And we can always blame China for inventing paper money. And they are
still buying US Treasury bonds- isn't that funny !

RHF October 3rd 10 05:38 AM

(OT) : The Validity of the Term "Liberal-Fascist" : Is It Impossiblefor Liberals to be Fascists ?
 
On Oct 2, 2:15*pm, Nickname unavailable wrote:
On Oct 2, 2:24*pm, ∅baMa∅ Tse Dung wrote:

*it is impossible for liberals to be fascists. fascists hate liberals,
trade unionist, socialists, communists, jews(because most of them are
liberal), the weak, the disabled, minorities, homosexuals. they are
intolerant of other views and religions. they practice bigotry,
racism, and homophobia, etc. say, i just described the modern
conservative movement:)


"NA" -says- "it is impossible for liberals to be fascists"

John Smith October 3rd 10 05:54 AM

Liberal Fascists Versus Gold
 
On 10/2/2010 9:17 PM, RHF wrote:

...
yes there are times when gold has little or no value
-wrt- the necessities of day to day survival ~ RHF
.
.


Whenever gold has no value, only food, shelter, water, clothes, etc.
will continue to have value. But as soon as their is a desire for
money, gold is king. Not only that, but you can bury gold for an
eternity and dig it back up and spend it. Paper money will deteriorate
rather quickly ... again, gold is king.

But, I suspect you waste your time ... this idiot only argues for the
sake of "being right" ... it has no bearing on if what he says is even
close to correct, or not.

Regards,
JS

Nickname unavailable October 3rd 10 06:18 AM

Liberal Fascists Versus Gold
 
On Oct 2, 11:02*pm, John Smith wrote:
On 10/2/2010 7:23 PM, Nickname unavailable wrote:

...
* yea, its way over your head. if one day you are forced into selling
your way over priced asset(gold), at a reduced price to raise scarce
cash someday to pay your bills, remember me:)


Regards,
JS


You are an idiot, choose another like yourself to carry on your BS with
... insane ranting does not interest me. *I suspect you are another
"guest" they let use the dayroom computer ...

Regards,
JS


that does not refute one thing i have proven. also,i have been active
on alt.politics.economics for well over a decade and a half.

Nickname unavailable October 3rd 10 06:19 AM

Liberal Fascists Versus Gold
 
On Oct 2, 11:12*pm, John Smith wrote:
On 10/2/2010 7:21 PM, Nickname unavailable wrote:



On Oct 2, 8:06 pm, John *wrote:
On 10/2/2010 5:32 PM, Nickname unavailable wrote:


...
* *who is ignoring that. wages have risen along with prices. gold goes
up in price, gold falls in price. suckers who bought gold in the early
80's, still have not recouped their losses. its a poor investment,
pays no dividends, makes no income, and is only valuable for
electronics and jewelery.


Regards,
JS


Wrong, again ... up until the 1960's, or around there, it was
universally known in America, the rule, "A fair days pay for a fair days
work." *This is no longer so ...


* what does that have to do with the price of gold.


Minimum wage, still in 1970, would buy you about 10 gallons of gas--it
was $1.65 p/hr; *Gas is now 10x as much. *A fair 1 bedroom apartment
would run you ~$80.00 a month--utilities included; *Today, it would cost
you in excess of 10x as much. *A nice new car would run you
$1,800-$2,000; *Today, a car of "equal" value would be 10x as much.


* yes wages have fallen, it has nothing to do with fiat currency, or
gold. it has to do with a rising economic aristocracy.


The point to all the above? *For minimum wage to have kept up with
inflation, minimum would have to be ~$16.50 p/hr.


* so. that still does not mean a thing about fiat currencies and gold..


Now, I believe minimum wage is less than 1/2 of that ... only a fool
would attempt to sell, as fact, that wages have kept any where near the
rate of inflation. *Sell that chit to some fool ... real wages have even
suffered worse!


* wages are a problem. demand is wage driven, deflation is a lack of
demand. as long as wages are not addressed, assets and prices will
fall, including gold. gold has nothing to do with wages. i think this
stuff is way over your head. no wonder the gold bugs are plundering
you.


Regards,
JS


It is thinking like yours that got us here ... you go on ahead. *I think
enough know what to do now ...

Regards,
JS


still does not refute a thing. and the last 30 years of thinking is
what has ruined america.

Nickname unavailable October 3rd 10 06:25 AM

Liberal Fascists Versus Gold
 
On Oct 2, 11:17*pm, RHF wrote:
On Oct 2, 5:33*pm, Nickname unavailable wrote:
- - On Oct 2, 7:00*pm, John Smith wrote:
- - And, for you, I am sure, I will have to point out,
- - that IS called inflation!
- - *It is a most practical example too.
- - Regards,
- - JS

- the gold standard has never stopped inflation,
- nor a currency collapse.

But Gold Itself Has NOT Collapsed : Just the
worthless paper currency.


sure its collapsed. if the paper it backs goes down in value, so does
gold. see 1930. it collapsed in the early 1980s also. explain that
away:)


Something of Value Will Retain It Value
and Be Of Value.



maybe, maybe not. you have to be able to sell your asset, and a lot
of assets are not selling well today.


Currency exists as a medium to easily and readily
Acquire Something of Value. Currency is a Means
to an End and the End is Always Something of Value.



and it does not need to be backed by gold to attain this.

Gold Can Be Something of Value provided that
someone has everything they need and wants
some Gold in exchange for something they wish
to sell for the Gold.



i could say that about baseball cards also.


Would You Sell :
Your Last Bottle of Clean Water for Gold ?



Would You Sell :
Your Last Loaf of Bread for Gold ?

Would You Sell :
Your Last Chicken for Gold ?

Would You Sell :
Your Last Box of Matches for Gold ?

Would You Sell :
Your Last Package of Vegetable Seeds for Gold ?

Would You Sell :
Your Last Fishing Hook for Gold ?

Would You Sell :
Your Last Gallon of Gasoline for Gold ?

Would You Sell :
Your Last Gun and a Box of Ammo for Gold ?

yes there are times when gold has little or no value
-wrt- the necessities of day to day survival ~ RHF
*.
*.


if you believe that the country and currency will collapse, and its
possible. gold will do you little good. food and ammo will be better
assets.

Nickname unavailable October 3rd 10 06:27 AM

Liberal Fascists Versus Gold
 
On Oct 2, 11:20*pm, John Smith wrote:
On 10/2/2010 7:17 PM, Nickname unavailable wrote:



On Oct 2, 7:59 pm, John *wrote:
On 10/2/2010 5:33 PM, Nickname unavailable wrote:


...
* *the gold standard has never stopped inflation, nor a currency
collapse.


A bizarre meaningless comment does you no good ...


* really. then pray tell why the dollar collapsed in 1930, when it was
backed by gold. only a few coutries stayed on the gold standard after
1930. and their economies imploded. you are way out of your league.


* if you want to hold
on to a piece of paper, after noting the importance of gold, even to
industry, you must be an idiot ... what circular logic and reasoning ....
nothing short of bizarre ...


* then why will the owners of gold, gladly sell you their valuable
gold, for little green pieces of paper. you are driven by fears. those
fears are being driven by those who sell gold, for little green pieces
of paper.


Regards,
JS


Actually, we would still be on the gold standard if the government had
not made it illegal and abolished it ... a clear example of how the
people are never wrong, whenever there is a question, "Who is wrong?"
It will ALWAYS be the government ...

Regards,
JS


explain away the private sector screwing people over gold. gold is a
impossible way to back a modern economy. its deflationary in nature.
no country is willing to go back to the gold standard and starve.

Nickname unavailable October 3rd 10 06:28 AM

Liberal Fascists Versus Gold
 
On Oct 2, 11:33*pm, wrote:
On Oct 3, 12:20*am, John Smith wrote:



On 10/2/2010 7:17 PM, Nickname unavailable wrote:


On Oct 2, 7:59 pm, John *wrote:
On 10/2/2010 5:33 PM, Nickname unavailable wrote:


...
* *the gold standard has never stopped inflation, nor a currency
collapse.


A bizarre meaningless comment does you no good ...


* really. then pray tell why the dollar collapsed in 1930, when it was
backed by gold. only a few coutries stayed on the gold standard after
1930. and their economies imploded. you are way out of your league.


* if you want to hold
on to a piece of paper, after noting the importance of gold, even to
industry, you must be an idiot ... what circular logic and reasoning ...
nothing short of bizarre ...


* then why will the owners of gold, gladly sell you their valuable
gold, for little green pieces of paper. you are driven by fears. those
fears are being driven by those who sell gold, for little green pieces
of paper.


Regards,
JS


Actually, we would still be on the gold standard if the government had
not made it illegal and abolished it ... a clear example of how the
people are never wrong, whenever there is a question, "Who is wrong?"
It will ALWAYS be the government ...


Regards,
JS- Hide quoted text -


- Show quoted text -


And we can always blame China for inventing paper money. And they are
still buying US Treasury bonds- *isn't that funny !


it sure is. the owners of gold will gladly sell you their gold for
little green pieces of paper. now who is the fool:)

Nickname unavailable October 3rd 10 06:31 AM

(OT) : The Validity of the Term "Liberal-Fascist" : Is ItImpossible for Liberals to be Fascists ?
 
On Oct 2, 11:38*pm, RHF wrote:

you are simply projecting again.

the GOP, its not fascism when we do it:)Back to the ‘30s:how the GOP
uses Nazi techniques to rally the*mob:New agencies all the world over
are for the most part in the hands of Jews:If you substitute liberal
for jew you have the same language



http://moronia.us/front/2009/12/back...rally-the-mob/

Back to the ‘30s: how the GOP uses Nazi techniques to rally the*mob
December 10, 2009
Posted by Jules Siegel
By Hrafnkell Har*alds*son
Instead of Der Angriff and the Völkischer Beobachter we have FOX News
and World Net Daily. Instead of Joseph Goebbels and Alfred Rosen*berg
we have Rupert Mur*doch and Joseph Farah. These media out*lets spout
anti- liberalism as vocif*er*ously and viciously as any NSDAP pro*pa*
ganda organ. Like the party ide*o*logues noted above, they employ ad
hominem attacks in place of cogent analy*sis and pre*fer name- calling
to actual news.
Mur*doch, Farah and their min*ions take street- fighting tech*niques
in front of min*ions through use of glossy mod*ern technology.
Wit*ness, for exam*ple, Glenn Beck and Rush Lim*baugh went on the
attacked Sen. Mary Lan*drieu (D- LA) for her stance on the health*care
debate in the Sen*ate. But they did not cri*tique her posi*tion based
on its mer*its, and by offer*ing a cogent counter- argument. Instead,
both called a female US sen*a*tor a pros*ti*tute (The Rush Lim*baugh
Show Novem*ber 23 2009 and The Glenn Beck Pro*gram Novem*ber 23,2009).
This sort of attack is com*mon*place and dif*fers not at all from the
tac*tics used by the National Social*ist Press in the 20’s and*30’s.
• Glenn Beck listed peo*ple he’d like to “beat to death with a
shovel.” In 2001, Beck enu*mer*ated the var*i*ous peo*ple that he
“would want to kill with a shovel,” or “line up” and “shoot … in the
head,” includ*ing Rep. Charles Rangel (D- NY). (Glenn Beck Pro*gram,
3/ 9/ 01)
• The Repub*li*can Tea- Party mobs embrace this prin*ci*ple.
Ide*o*log*i*cal rhetoric backs it up: We see for exam*ple from Ann
Coul*ter, Vester: You say you’d rather not talk to lib*er*als at all?
Coul*ter: I think a base*ball bat is the most effec*tive way these
days. (FOX News Chan*nel, Day*Side with Linda Vester, 10/ 6)
• “Would you kill some*one for that?…I’m think*ing about
killing Michael Moore…I could kill him myself, or if I would need to
hire some*body to do it,… No, I think I could. I think he could be
look*ing me in the eye, you know, and I could just be chok*ing the
life out. Is this wrong? I stopped wear*ing my What Would Jesus — band
— Do, and I’ve lost all sense of right and wrong now. I used to be
able to say, ‘Yeah, I’d kill Michael Moore,’ and then I’d see the lit*
tle band: What Would Jesus Do? And then I’d real*ize, ‘Oh, you
wouldn’t kill Michael Moore. Or at least you wouldn’t choke him to
death.’ And you know, well, I’m not sure.” (Glenn Beck Pro*gram, 5/
17/ 05)
• Beck, jok*ing about poi*son*ing Nancy Pelosi: “So, Speaker
Pelosi, I just wanted to — you gonna drink your wine? Are you blind?
Do those eyes not work? There you — I want you to drink it now. Drink
it. Drink it. Drink it… By the way, I put poi*son in your —” (Glenn
Beck Pro*gram, 8/ 6/ 09)
• Bill O’Reilly, of peo*ple who crit*i*cize him, The Radio Fac*
tor, Sep*tem*ber 27, 2007: “You know, look, if I could stran*gle these
peo*ple and not go to hell and get exe*cuted, I would, but I*can’t.”
• Bill O’Reilly — radio show, Sept. 14, 2005: “I just wish Kat*
rina had only hit the United Nations build*ing, noth*ing else, just
had flooded them out, and I wouldn’t have res*cued*them.”
• Rush Lim*baugh Octo*ber 20, 2009, The Rush Lim*baugh Show:
“This guy from The New York Times, if he really thinks that human*ity
is destroy*ing the planet, human*ity is destroy*ing the cli*mate, that
human beings in their nat*ural exis*tence are going to cause the
extinc*tion of life on Earth — Andrew Revkin. Mr. Revkin, why don’t
you just go kill your*self and help the planet by*dying?”
• Right Wing blog*ger Roger Erick*son March 31, 2009: “At what
point do the peo*ple tell the politi*cians to go to hell? At what
point do they get off the couch, march down to their state
legislator’s house, pull him out*side, and beat him to a bloody pulp
for being an*idiot?”

Part 2: Liberal/Jewish Media and Right Wing Propaganda. This is the
second installment of a detailed examination of the parallels between
the Nazi movement in Germany and the new Republican methodology since
the election of Obama. Also see parts 1, 3, 4, and 5.


Now that we’ve examined the street-level thuggery in Part One, let’s
look at some examples of how the Republican “elite” work.

NSDAP and GOP: Two Medias; One Tactic
Everyone is familiar by now with the Right-wing rhetoric concerning
the “liberal media elite.” Personal responsibility goes right out the
window if you can just blame the other guy for lying about you. Again
we see a striking similarity between the National Socialists and the
Republicans – fix blame, and then accuse them of controlling the
media. The two seem to go hand-in-hand.
“Barack Obama only won because the media favored him and unfairly
denigrated the abilities and accomplishments of John McCain and Sarah
Palin.” We’ve heard this before, of course. It probably won’t surprise
you to know whe
Hitler, July 5, 1942, “New agencies all the world over…are for the
most part in the hands of Jews.”1
If you substitute “liberal” for “Jew” you have the same language.
Again, the liberals, like the Jews, are guilty of “fabrications”:
Sarah Palin, June 3, 2009, Anchorage: Palin spoke of “the entrenched
bureaucrats and the elite self-proclaimed intellectuals, and the smug
lobbyists who dominate Washington, and the liberal media that is
imposing its will on Washington, embracing that status quo, that
business as usual…” 2
This is the same language Hitler used of the “Jewish intellectuals”
and communists who dominated Weimar government. As an aside, she was
displaying typical intellectual dishonesty by lifting much of her
speech from “an article written four years ago by Newt Gingrich and
Craig Shirley without attribution.”3
The Conservapedia echoes Hitler: “The Liberal media elite is the
clique of highly paid, left-leaning executives and journalists who
directly control most output of the main newspapers and broadcasting
organizations.”4
The media is in the hands of the Jews (communists)! The media is in
the hands of the liberals (communists)! I don’t have to make this
stuff up. This is like shooting ducks in a pond or fishing with a hand
grenade.
If that is not enough, surely you remember the Nazi (mis)use of the
press. The National Socialist media became an outlet not for news, but
for propaganda. There is the most famous newspaper owner of all,
Joseph Goebbels and his paper Der Angriff (The Attack – aptly named).
Then there is the Völkischer Beobachter (Folkish [Ethnic] Observer)
edited first by Dietrich Eckart, an infamous “Jew-baiter”, then by
crank-ideologist Alfred Rosenberg.

Today, media has moved on to television and the Internet. Instead of
Der Angriff and the Völkischer Beobachter we have FOX News and World
Net Daily. Instead of Joseph Goebbels and Alfred Rosenberg we have
Rupert Murdoch and Joseph Farah. These media outlets spout anti-
liberalism as vociferously and viciously as any NSDAP propaganda
organ. Like the party ideologues noted above, they employ ad hominem
attacks in place of cogent analysis and prefer name-calling to actual
news.
Murdoch, Farah and their minions take street-fighting techniques in
front of minions through use of glossy modern technology.
Witness, for example, Glenn Beck and Rush Limbaugh went on the
attacked Sen. Mary Landrieu (D-LA) for her stance on the healthcare
debate in the Senate. But they did not critique her position based on
its merits, and by offering a cogent counter-argument. Instead, both
called a female US senator a prostitute (The Rush Limbaugh Show
November 23 2009 and The Glenn Beck Program November 23,2009).
This sort of attack is commonplace and differs not at all from the
tactics used by the National Socialist Press in the 20’s and 30’s.
Vilification is the order of the day. Analysis of the facts, when it
takes place at all, comes in a distant second. As Media Matters for
America reports,
Under its president, Roger Ailes, Fox News routinely employs racially
charged appeals to foment opposition to the Obama administration and
other progressive figures, such as Glenn Beck’s comments that
President Obama is a “racist” and “has a deep-seated hatred for white
people or the white culture.” Before launching the Fox News Channel,
Ailes worked as a media consultant for several Republican campaigns
where evidence shows he similarly appealed to racial fears and biases
for political gain, and as executive producer for Rush Limbaugh’s
television show, during which Limbaugh made several controversial
statements.5

And of course, just as National Socialist ideologues and leaders
motivated the mob, so do Republican ideologues. As I noted above,
Republican objections are not generally issued as cogent and well-
thought-out rebuttals of liberal positions but as ad hominem attacks,
character assassinations, and even suggested violence. This is true
not only of the rank-and-file but of the leadership, the party
ideologues, as can be seen from the examples below.
• Glenn Beck listed people he’d like to “beat to death with a
shovel.” In 2001, Beck enumerated the various people that he “would
want to kill with a shovel,” or “line up” and “shoot … in the head,”
including Rep. Charles Rangel (D-NY). (Glenn Beck Program, 3/9/01)
• The Republican Tea-Party mobs embrace this principle.
Ideological rhetoric backs it up: We see for example from Ann Coulter,
Vester: You say you’d rather not talk to liberals at all? Coulter: I
think a baseball bat is the most effective way these days. (FOX News
Channel, DaySide with Linda Vester, 10/6)
• “Would you kill someone for that?…I’m thinking about killing
Michael Moore…I could kill him myself, or if I would need to hire
somebody to do it,… No, I think I could. I think he could be looking
me in the eye, you know, and I could just be choking the life out. Is
this wrong? I stopped wearing my What Would Jesus — band — Do, and
I’ve lost all sense of right and wrong now. I used to be able to say,
‘Yeah, I’d kill Michael Moore,’ and then I’d see the little band: What
Would Jesus Do? And then I’d realize, ‘Oh, you wouldn’t kill Michael
Moore. Or at least you wouldn’t choke him to death.’ And you know,
well, I’m not sure.” (Glenn Beck Program, 5/17/05)
• Beck, joking about poisoning Nancy Pelosi: “So, Speaker
Pelosi, I just wanted to — you gonna drink your wine? Are you blind?
Do those eyes not work? There you — I want you to drink it now. Drink
it. Drink it. Drink it… By the way, I put poison in your —”
(Glenn
Beck Program, 8/6/09)
• Bill O’Reilly, of people who criticize him, The Radio Factor,
September 27, 2007: “You know, look, if I could strangle these people
and not go to hell and get executed, I would, but I can’t.”
• Bill O’Reilly - radio show, Sept. 14, 2005: “I just wish
Katrina had only hit the United Nations building, nothing else, just
had flooded them out, and I wouldn’t have rescued them.”
• Rush Limbaugh October 20, 2009, The Rush Limbaugh Show: “This
guy from The New York Times, if he really thinks that humanity is
destroying the planet, humanity is destroying the climate, that human
beings in their natural existence are going to cause the extinction of
life on Earth — Andrew Revkin. Mr. Revkin, why don’t you just go kill
yourself and help the planet by dying?”
• Right Wing blogger Roger Erickson March 31, 2009: “At what
point do the people tell the politicians to go to hell? At what point
do they*get off the couch, march down to their state legislator’s
house, pull him outside, and beat him to a bloody pulp for being an
idiot?”


Sources:
1Adolf Hitler, Hitler’s Table Talk 1941-1944 tr. By Norman Cameron and
R.H. Stevens (New York 2000 [1953]), 561.
2The Conservative Book Service even has this offering: Matthew
Continetti , The Persecution of Sarah Palin: How the Elite Media Tried
to Bring Down a Rising Star (2009) which makes the case that, “Palin
was a strong and popular conservative with traditional values-work,
family, and religion-and Washington Democrats and their allies in the
so-called mainstream media decided she had to be destroyed. These
elite liberals attacked everything from Palin’s clothing to her
parenting style to her church. They spread one malicious and untrue
rumor after another…”
3Huffington Post, June 6, 2009
http://www.huffingtonpost.com/geoffr..._b_212228.html
4Consevapedia, http://www.conservapedia.com/Liberal_media_elite
5Media Matters for America http://mediamatters.org/research/200910270001
6Fox News, Your World with Neal Cavuto, November 11, 2009.
7The Rush Limbaugh Show, April 1, 2005.
8Glenn Beck Program, April 27, 2006.
9The O’Reilly Factor, May 29, 2007.
10Hitler’s Table Talk, 47.


RHF October 3rd 10 06:32 AM

(OT) : Three (3) Phases of Liberal Decay : Ending in Liberal-Fascism
 
On Oct 2, 2:23*pm, Nickname unavailable wrote:
On Oct 2, 2:24*pm, ∅baMa∅ Tse Dung wrote:

- *here are the three 3 phases of conservative decay.
- 1.conservatism(policies always fail)
- 2. libertarianism(the drive for purity, the conservative polices and
- those that implemented them, were not pure enough)
- 3. fascism(the rise of the strong man to ensure purity), the
- strongman
- will drive out the impure, liberals, jews, immigrants, trade
- unionists, communists, socialists, those with mental and physical
- defects,
- gypsies, etc. this to fails on a huge scale. just look what happened
- to the central european fascists. they collapsed their economies,
and
- came up millions of workers and soldiers short.

Here are the Three (3) Phases of Liberal Decay :

1. Liberalism (Well Meaning, Nice Sounding,
"Do-Gooder" Policies Always Doomed to Fail)

2. Liberal-Progressivism (The Drive for Social
Improvement through Change and Promising Hope;
More Draconian Liberal Polices are Implemented
to Transform The People into a New Society that
Is Guided by 'The Party') The Party Elite Have
Complete Power and Rule Un-Checked.

3. Liberal-Fascism (The Rise of the Party Leader
over 'The Party' Ensuring the Unity and Uniformaty
of 'The Party' and Enforcing The Will of 'The Party'
Over the People.) The Party Leader will Cleanse
'The Party' of All those Who Are NOT of 'The Party';
and 'The Party' Will Cleanse the People of All Those
Who Do NOT Support 'The Party' and The Party Leader
The Party Leader Now Has Complete and Total
Power and Rules by the Force of His Iron Will.

Brother/Sister Are You "OF" 'The Party' ?

Does The Teaching Of 'The Party' Abide Within You ?

Does The Thoughts Of 'The Party' "Leader"
Guide Your Thoughts ?

Let 'The Party' Change Your Life and Transform You !

Let 'The Party' Give You Hope and Renew You !

RHF October 3rd 10 06:36 AM

(OT) : The Validity of the Term "Liberal-Fascist" - The LiberalRule - It Is Impossible for Liberals to be Fascists ?
 
On Oct 2, 10:33*pm, Nickname unavailable wrote:
On Oct 2, 11:54*pm, RHF wrote:

*i realize that this is most probably a waste of time. your type, are
almost un-educational. as mussolini stated, fascism should be renamed
corporatism.

http://www.spiritone.com/~gdy52150/chpt1.htm

What Fascism Is & Isn't

No other word causes so much misunderstanding, confusion, and heated
debate in politics than fascism. The term has been applied to many
individuals such as McCarthy, Hoover, and others. It is frequently
used to describe government policies and government themselves, often
incorrectly. What then is fascism exactly? Webster's Dictionary
defines it as: "A government system marked by a centralized
dictatorship, stringent socioeconomic controls and belligerent
nationalism." But the author takes exception with that definition. At
best, the definition is vague and abstract. Nor does the definition
seem capable of taking into all forms of fascism.
There is a resurgent, widespread attempt by the far right to label
fascism as a form of socialism. Fredrick von Hayek was the first to
attempt labeling the Nazis as socialists in his book The Road to
Serfdom published in 1944.70 The hard right quickly adopted it, as it
allowed the hard right to escape the charges that they had much in
common with the Nazis.2 Such endeavors are not only silly, but
dishonest as well and represent an attempt by the far right to
distance themselves for their earlier support of Hitler.
Hayek's book is based on two erroneous assumptions from the very
beginning. He first assumes that fascism and communism are one and the
same, as they are both totalitarian systems. This makes about as much
sense as calling a maple tree a pine tree because both are trees. His
second erroneous assumption lays in his belief that only socialism or
liberalism leads to totalitarian systems. In fact, all political
systems can lead to totalitarian systems and all political systems are
inherently unstable, as is any system created by man.
From there, Hayek takes severe liberties with history. For instance,
he goes on to claim that by deliberate policy the United States by
allowed the growth of cartels and syndicates after 1878.71 Indeed this
date and time period is significant, but not for a move towards
socialism or liberalism. Rather, it's the opposite a move towards
fascism and corporate rule. Even a reader with a rudimentary knowledge
of American history would recognize this time frame as the beginning
of the robber baron era and laissez faire economics, precisely the
type of economic policy Hayek holds in utmost esteem.
*Hayek offers little proof to support his conclusions; in fact the
book is devoid of any proof or even examples to support his findings.
The book degenerates into an argument based upon unsubstantiated
assertion. He argues against the nation state and proposes a
supernational authority or world federation made up of the financial
elite. In essence, Hayek proposes a world made up of sovereign
corporations accountable to no one. Not only did Hayek take severe
liberties with American history, he ignored the very nature of fascism
in Germany and Italy.
In various speeches made shortly after the March on Rome, Mussolini
stated, "We must take from state authority those functions for which
it is incompetent and which it performs badly... I believe the state
should renounce its economic functions, especially those carried out
through monopolies, because the state is incompetent in such
matters... We must put an end to state railways, state postal service
and state insurance." The state returned large monopolies to the
private sector after returning them to profitability such as the
Consortium of Match Manufactures, privatized the insurance system in
1923, the telephone system in 1925, and many of the public works.
In Germany the Nazis announced they would end nationalization of
private industries when they seized power. In 1932, Hitler returned
control of the Gelsenkirhen company to private hands and in 1936
returned the stock of "United Steel" to private hands. Throughout
1933-1936, the Nazi returned to private hands the control of several
banks: Dresdner, Danat, Commerz and Privatbank, the Deutsche Bank, and
several others. In 1936, the steamship company Deutcher Schiff and
Maschinenbau was returned to the private sector. In 1934, Dr. Schacht,
the Nazi Minister of Economy, gave instructions to hasten the
privatization of municipal enterprises. These enterprises were
especially coveted by the rich industrialists, as they had been
prosperous even during the depression.
Both in fascist Italy and Nazi Germany, the tax system was changed to
one favoring business and the wealthy. The Nazis allowed industries to
deduct from their taxable income all sums used to purchase new
equipment. Rich families employing a maid were allowed to count the
maid as a dependent child and reap the tax benefit. In Italy, the
Minister of Finance stated: "We have broken with the practice of
persecuting capital."73
*Such programs, catering to big business and the rich elite, are more
akin to the policies of the Reagan Administration than it is to any
liberal administration including FDR's. Likewise, it was the rich
industrialists that were behind the fascist movement in the United
States during the 1930s. Thus it is no surprise that the right wing
attempts to try and label fascism as socialism in trying to distance
themselves from their previous support of fascism.
Perhaps the only redeeming feature in Hayek's book is his
acknowledgement of environmental problems.72 Indeed this is
significant, considering the book was first published in the 1940s,
long before the birth of the environmental movement. Hayek readily
acknowledges the problem of industrial pollution and the harmful
effects of deforestation, yet he stops short of any meaningful
solution. Instead of offering a viable solution Hayek condemns
government regulation and would allow market forces to provide the
solution. However, it was these same market forces that produced the
problem. We have plenty of proof of such a fool hearty approach both
here and globally. As late as the 1970s rivers caught fire in the
United States, cities were smog stricken and harmful pollutants were
damaging the environment world wide. Today we face the problems of
global warming and ozone depletion, and the problem of environmental
estrogens, which has the potential of being even more threatening than
both global warming and ozone depletion.
But perhaps the most damning of all evidence that Hayek was dead wrong
comes from the implementation of an economic system based on his
beliefs. Hayek later taught at the University of Chicago, the same
university that trained the "Boys from Chicago" who were the economic
brains behind the fascist regime of Pinochet in Chile. There is no
question in the matter that under Pinochet, Chile was indeed fascist.
More alarming, Hayek is an idol to several top-level officials in the
George W. Bush administration. They are dangerous close to imposing a
fascist style economy on the United States.
In order to dispel the myth of the Nazis being socialists we need to
first define socialism. Socialism is rigidly defined as an economic
system in which the workers own the means of production and
distribution of goods. A more relaxed definition would be simply that
the workers maintain political control over the production and
distribution of goods. Even using the more relaxed definition of
socialism, the Nazis can not be labeled as socialists as there simply
was no worker control over the production or distribution of goods in
Nazi Germany. In fact, the Nazis outlawed legitimate labor unions. In
place of the original unions, the Nazis implemented quasi-like unions
that were controlled by the industrialists. In a dj vu manner, the
Republican Party has recently tried to enact a similar measure,
conferring legal status on worker groups controlled by corporations.
Some writers and historians have argued that you cannot have fascism
without corporatism, as the corporate power structure has much in
common with fascism. During the period preceding the outbreak of WWII
it was common to refer to fascism as corporatism in polite English
society.
More recently others have tried to define fascism as the "Third Way",
in the sense that it borrowed ideas from both capitalism and
socialism. The basic philosophy behind the "Third Way" incorrectly
labels any regulations or government controls over businesses as
socialism; essentially it's just a restatement of syndicalism. Such
nonsense should be rejected whole heartily. It again represents an
attempt to distance the right from their support of Hitler in the
1930s and ignores that the basis of the German economy under Hitler
was a capitalist system where the means of production remained in
private hands. Further, following the logic of the "Third Way," one
would have to label all capitalistic systems as "Third Way," for
throughout history there has never been a pure capitalistic system. A
pure capitalist economy is so inherently and fatally flawed that it's
never even been tried. But that is to be expected for any system that
awards the winner with all the eggs. Nor has there been a pure
socialistic system. Human greed simply prevents it.
The dangers of such nonsense can be illustrated with the following
quote taken from a Baptists fundamentalist's web page in their
labeling of the Japanese economy as fascist: However, Fascism is an
economic term, denoting the type of economy where the Means of
Production [factories, companies] and the ownership of raw materials
[mines, oil wells] remains in the hands of private individuals, but
where the government intervenes to determine how many competitors will
be allowed to produce the same thing, how much is produced, and what
prices may be charged.1
Here it can be seen that the term fascism has been clearly misapplied.
This description could past for the economic ...

read more



Nickname unavailable October 3rd 10 06:38 AM

Liberal Fascists Versus Gold
 
On Oct 2, 11:54*pm, John Smith wrote:
On 10/2/2010 9:17 PM, RHF wrote:

...
yes there are times when gold has little or no value
-wrt- the necessities of day to day survival ~ RHF
* .
* .


Whenever gold has no value, only food, shelter, water, clothes, etc.
will continue to have value. *But as soon as their is a desire for
money, gold is king.



cash is king today. its in shortage. people want it. if gold was so
desirable, all extra stocks would be exhausted by now.

*Not only that, but you can bury gold for an
eternity and dig it back up and spend it. *Paper money will deteriorate
rather quickly ... again, gold is king.



how many people are willing to bury their gold for decades:) cash is
king in a deflating economy.


But, I suspect you waste your time ... this idiot only argues for the
sake of "being right" ... it has no bearing on if what he says is even
close to correct, or not.



that still does not refute what i have been saying. gold is
deflationary in nature, gold has never stopped a currency from being
debased, gold has never stopped inflation, gold and silver have caused
inflation, gold can make a recession, into a depression. cash is in
shortage right now, cash is king, the owners of gold, will gladly sell
you their gold, for your worthless little pieces of green paper, in a
deflating economy, you might be forced into selling your over priced
assets(gold), at a reduced price to raise scarce cash to pay your
bills. refute them.

Regards,
JS



RHF October 3rd 10 06:53 AM

(OT) : The Validity of the Term "Liberal-Fascist" - A 'Teachable Moment'
 
On Oct 2, 10:33*pm, Nickname unavailable wrote:
- i realize that this is most probably a waste of time.
- your type, are almost un-educational.
- as mussolini stated, fascism should be renamed
- corporatism.


- = NnUa = - "your {my} type" & "un-educational"
You Have Entered the "Arguing with Idiots" Zone
http://en.wikipedia.org/wiki/Arguing_with_Idiots
There is a sign post up ahead . . .
-and-it-reads- "You Are An Idiot !"
-for- Arguing with someone that you reasonably
believe to be a Total and Complete I D I O T [.]

Deep Dudu October 3rd 10 05:06 PM

Liberal Fascists Versus Gold
 
On Sun, 3 Oct 2010 08:03:10 -0700 (PDT), "Chas. Chan"
wrote:

Fascism is a form of government which centers all power [House, Senate
and Judiciary] in a single party [Liberal Fascist Democrats] headed by
an absolute dictater


HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAA


Nickname unavailable October 3rd 10 05:13 PM

Liberal Fascists Versus Gold
 
On Oct 3, 9:15*am, John Smith wrote:
On 10/2/2010 10:28 PM, Nickname unavailable wrote:

...
* it sure is. the owners of gold will gladly sell you their gold for
little green pieces of paper. now who is the fool:)


That is probably how children see things, I will give you that.



are you saying that children can identify a scam quicker than a adult
can:)

*But no,
the owners of gold, which want to buy something, will trade you a
portion of their gold for dollars so they can go get a home, a car, a
yacht, an island, an airplane, etc.



BINGO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!! gold is
not money. you figured it out!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! now what
happens when money is in short supply? why, the owners of assets sell
said assets, to raise scarce cash to pay bills. and they snicker at
those who over pay for a asset in deflationary times. like gold bugs,
who are being goosed into over paying for a commodity used in
electronics and jewelery.


The gold mines will gladly sell you gold, it is their business.



then little green pieces of paper, mean more to them than gold:)

*Gold,
for the most part, stays in places such as fort knox (yeah, I know, it
is empty, or else someone elses gold is stored there) or the large
holdings in china, middle east, etc. in large storage areas. *Just like
people with money, people with gold have to trade part of their wealth
for things they purchase. *People also go broke on large gambles, and
supplies of gold come onto the market.


you are making my arguments, thank you so very much.


Gold is a way to secure and hold wealth in a stable form, where years,
decades, centuries, etc. it can be liquidated and spent and used.



that is not true. it can hold wealth sometimes, sometimes it leads to
massive wealth loss. and it pays no income or dividends, its a very
poor way to hold wealth. anyone who bought gold in the early 80's can
testify to that.

this article says it all, you still have not beaten a checking
account.

gold is a lousy investment, cash is scare in a deflating economy, cash
is king:since 1980:Gold Cant Beat Checking Accounts 30 Years After
Peak, average U.S. checking account rose at least 92 percent. On an
inflation-adjusted basis, gold investors are still 79 percent away
from getting their money back



http://www.bloomberg.com/apps/news?p...xBrQ9JTg&pos=3


Gold Cant Beat Checking Accounts 30 Years After Peak (Update1)


By Nicholas Larkin and Millie Munshi

Dec. 7 (Bloomberg) -- Golds best year in three decades has yet to
match the returns of an interest-bearing checking account for anyone
who bought the most malleable of metals coveted for at least 5,000
years during the last peak in January, 1980.
Investors who paid $850 an ounce back then earned 44 percent as gold
reached a record $1,226.56 on Dec. 3 in London. The Standard & Poors
500 stock index produced a 22-fold return with dividends reinvested,
Treasuries rose 11-fold and cash in the average U.S. checking account
rose at least 92 percent. On an inflation-adjusted basis, gold
investors are still 79 percent away from getting their money back.
You give up a lot of return for the privilege of sleeping well at
night, said James Paulsen, who oversees about $375 billion as chief
investment strategist at Wells Capital Management in Minneapolis. If
the world falls into an abyss, gold could be a store of value. There
is some merit in that, but you can end up holding too much gold
waiting for the world to end. From my experience, the world has not
ended yet.
While golds nine-year bull market is attracting hedge-fund managers
John Paulson, Paul Tudor Jones and David Einhorn, strategists and fund
managers at Barclays Plc, HSBC Holdings Plc, SCM Advisors LLC and
Brinker Capital Inc. say buy-and-hold investors shouldnt always own
bullion. The accumulation of gold is part of a record $60 billion
Barclays estimates will flow into commodities this year.
Hoarding Bullion
The SPDR Gold Trust, the biggest exchange-traded fund backed by
bullion, has amassed more metal than Switzerlands central bank,
spurred by a plunging dollar and concern that the at least $12
trillion of government spending to lift economies out of the worst
global recession since World War II will spur inflation. The collapse
of U.S. real estate in 2007 froze credit markets and left the worlds
biggest financial companies with $1.72 trillion of losses and
writedowns, data compiled by Bloomberg show.
The U.S. Mint suspended production last month of some American Eagle
coins made from precious metals because of depleted inventories. The
U.K.s Royal Mint more than quadrupled production of gold coins in the
third quarter. Harrods Ltd., the London department store, began
selling gold bars and coins for the first time in October.
Those sales contributed to a 30 percent rally in gold this year,
beating the 25 percent gain in the S&P 500, with dividends reinvested,
and a 2.4 percent drop in Treasuries. Investors bought gold as the
U.S. economy, the worlds biggest, shrank 3.8 percent in the 12 months
ended in June, the worst performance in seven decades. Gross domestic
product expanded at a 2.8 percent annual rate in the third quarter.
Longest Winning Streak
A weakening dollar also contributed to bullions longest winning
streak since at least 1948. The U.S. Dollar Index, a measure against
six counterparts, dropped in six of the last eight years, including a
6.6 percent decline in 2009, bolstering demand for a hedge. Gold fell
1.6 percent to $1,143 an ounce by 11:08 a.m. in London. Before today,
the metal had risen 32 percent this year, the most since 1979.
Buy-and-hold investors may not have done so well. One dollar put into
a U.S. checking account in 1983 would be worth at least $1.92 today,
based on annual average interest rates from Bankrate.com. The Federal
Reserve target rate from 1980 to 1982 was 8.5 percent to 20 percent.
Banks were paying 5 percent on the accounts in January 1981, according
to a report in the New York Times.
Dividends Reinvested
The S&P 500 returned 2,182 percent from the beginning of 1980 through
the end of the third quarter this year, according to data compiled by
Bloomberg. The calculation assumes dividends reinvested on a gross
basis. Treasuries returned 1,089 percent through the beginning of this
month, according to Merrill Lynchs Treasury Master Index.
Gold is a useless asset to hold long term, said Charles Morris, who
manages more than $2 billion at HSBC Global Asset Managements
Absolute Return fund in London. Im not a gold bug who believes that
you want to own this thing in your portfolio at all times. We should
own it when the going is good, and the going right now is great.
Those who bought gold when it reached a two-decade low of $251.95 in
August 1999 have seen a 387 percent return, more than four times the
82 percent gain in Treasuries. An investment in the S&P 500 lost 0.4
percent through the end of last month. Interest on checking accounts
shrank to 0.14 percent this year from 0.89 percent in 1999.
Since the S&P 500 peaked in October 2007, investors in the index lost
25 percent, holders of Treasuries made 16 percent and gold buyers are
up 64 percent.
Very Conservative Investments
There are people that just stayed in very conservative investments in
cash and government bonds, said Larry Hatheway, global head of asset
allocation at UBS AG in London, who recommends investors hold about 1
percent of their assets in bullion. Surely they would have been a lot
better off being in gold.
Buying bullion at $35 when U.S. President Richard Nixon abandoned the
gold standard in 1971 would have given a 35-fold return, about the
same performance as the S&P 500.
Gold will average $1,070 next year, according to the median in a
Bloomberg survey of 19 analysts. The metal may jump to $2,000 in the
next five years, said HSBCs Morris. Ian Henderson, manager of $5
billion at JPMorgan Chase & Co., said hes adding to his gold-related
holdings because of the momentum behind it. Jim Rogers, the investor
who predicted the start of the commodities rally in 1999, has said
bullion will surge to at least $2,000 over the next decade.
Touradji Capital
Our sense is that this bubble is more at the beginning stages than on
the brink of collapse, said Thomas Wilson, head of the institutional
and private client group at Brinker Capital in Berwyn, Pennsylvania,
which manages about $8.5 billion.
Touradji Capital Management LP, the New York hedge fund founded by
Paul Touradji, bought 2.23 million shares of Barrick Gold Corp., the
worlds biggest producer, during the third quarter, according to a
Nov. 13 filing with regulators. The stake, Touradjis biggest equity
holding, is worth $95 million.
Paulson & Co., the hedge-fund firm run by billionaire Paulson, will
start a gold fund on Jan. 1 investing in mining companies and bullion-
related derivatives, according to a person familiar with the plan.
Einhorn, who runs New York-based Greenlight Capital Inc., told a
presentation in New York in October that hes buying gold to bet
against the dollar.
Paul Tudor Jones, in an Oct. 15 letter to clients of his Tudor
Investment Corp., said gold is just an asset that, like everything
else in life, has its time and place. And now is that time.
Net Gold Buyers
Central banks will become net buyers of gold this year for the first
time since 1988, according to New York-based researcher CPM Group.
India, China, Russia, Sri Lanka and Mauritius have all added to their
reserves.
Gold should be held when governments cease to function and currencies
are worthless, or when inflation is surging, said Brian Nick, a New
York-based investment strategist at Barclays Wealth, which manages
$221 billion. He doesnt recommend increasing gold holdings, which are
a very small part of commodity allocations.
Inflation has yet to accelerate. U.S. consumer prices will rise 2
percent next year, the smallest expansion since 2002, according to the
median estimate of 63 economists surveyed by Bloomberg. Prices will
shrink 0.4 percent this year.
Knee-Jerk Reaction
People have this knee-jerk reaction and say that you want gold as a
hedge against inflation, said Maxwell Bublitz, who helps oversee $3.5
billion as the chief strategist at San Francisco-based SCM Advisors
LLC and recommends investors hold no more than 5 percent of their
assets in the metal. But the history of gold in regard to inflation
shows that its not a great hedge.
Investors seeking to protect themselves against inflation should buy
commodities, which are cheaper than gold, said Wells Capitals
Paulsen. Copper, after more than doubling this year, is still 28
percent away from the record $8,940 a metric ton reached in July 2008.
Theoretically, it does have a spot in portfolios, a small one,
Bublitz said. Youre probably going to get entry points that are a
lot better than where gold is now.
To contact the reporters on this story: Nicholas Larkin at
; Millie Munshi in New York at
.
Last Updated: December 7, 2009 06:48 EST


You logic of "people with gold would hang on to their gold" is only as
valid as "people with dollars would hang on to their dollars." *Both of
these statements are correct, you only get gold or dollars when they are
spent ...



but cash is king in a deflating economy, and you may have to sell
your gold at a reduced price, to raise scarce cash to pay your bills.
we are not facing hyper-inflation at the moment, and have not been
facing it for a couple of years now. in fact, we are facing deflation.
in deflation, cash is scarce, and cash is king. what is everybody
short of right now, well, its cash. so spend your scarce cash on gold.

Regards,
JS



Nickname unavailable October 3rd 10 05:20 PM

Liberal Fascists Versus Gold
 
On Oct 3, 9:18*am, John Smith wrote:
On 10/2/2010 10:27 PM, Nickname unavailable wrote:

...
* explain away the private sector screwing people over gold. gold is a
impossible way to *back a modern economy. its deflationary in nature.
no country is willing to go back to the gold standard and starve.


Gold works just as any other currency or medium of exchange. *You can
scam people with stocks, bonds, dollars, etc. *Naturally, you can do it
with gold also ...



then its not a good way to back money then, if it can be a scam. you
just helped me blow away the gold backed money scam, thank you.

Truth is, the wealthy have large holding of gold and other valuable
metals. *They don't wish the slaves to have them. *You are one of those
slaves who just doesn't realize the game ...



in a free market economy, where the wealthy are vastly under taxed,
the wealthy will take their money out of productive activities that
they were forced into by a progressive tax, and put said money in non-
productive things such as antiques and other things that they think
will hold value in a depression. of course that is the wrong way to do
things, and invites a depression, and antiques and other so-called
hedges that were, or still are in a bubble due to under taxation,
plummet. just look at the antique artwork these days, the bubbles
popped, and prices have deflated.
the same will happen to gold and other commodities sooner or later.
cash will become even more scarce, and those commodities will have to
be sold at fire sale pieces to raise scarce cash to pay bills.


Regards,
JS



Nickname unavailable October 3rd 10 05:21 PM

Liberal Fascists Versus Gold
 
On Oct 3, 9:28*am, John Smith wrote:
On 10/2/2010 10:19 PM, Nickname unavailable wrote:

...
* still does not refute a thing. and the last 30 years of thinking is
what has ruined america.


That is because you will never see anything as a valid repudiation of
the things you wish to believe. *That is only obivious ... and the last
30 to 40 years of the present system is what has ruined America.



what has ruined america is the free market cult.

*And,
that system has been kept in operation by BOTH republi-crats and
demo-cans; *It will remain so ... perhaps Ron Paul, or such a man with
such beliefs can change things. *But, the entrenched powers which be are
so abhorrent to change which would free the financially enslaved will
never allow that. *Even if they must bring down many more buildings,
assassinate many more people, cause many more wars, steal more oil, sell
more drugs, etc., etc.


the free market is a feverish cult, like all cults, reality will
never trump ideology.


Regards,
JS



Nickname unavailable October 3rd 10 05:28 PM

Liberal Fascists Versus Gold
 
On Oct 3, 9:34*am, John Smith wrote:
On 10/2/2010 10:18 PM, Nickname unavailable wrote:

...
* that does not refute one thing i have proven. also,i have been active
on alt.politics.economics for well over a decade and a half.


Here we go, again ... as I stated, nothing will ever be good enough to
repudiate anything you believe.



not really, i am a liberal, liberals are open minded. i own gold, i
did back in the early 1970's. but after many years of watching the
gold market. i have come to the conclusion that its really a poor
investment. that investment is being driven by fear, the same fear
that conservatives are so successful with the ignorant. i hope gold
goes thru the roof, then i will sell mine that i bought almost 40
years ago. otherwise, its been a really poor investment, a real money
loser. like any other bubble, yes gold is in a massive bubble right
now. you have to be lucky enough to get out when the getting is good.

*You have chosen to believe what you
choose to believe and that is that ... I accept that, indeed, don't feel
alone. *How do you think we got here, why do you think we are staying
here, and why do you think many believe we will be here in the future?
It is because many have been brain washed like you and no amount of
sanity, logic and reason will dislodge the mind-screwing which has been
done by the system ... they haven't spent trillions on plans which don't
work!



i have a long history of understanding economics.


Regards,
JS



John Smith October 3rd 10 05:28 PM

Liberal Fascists Versus Gold
 
On 10/3/2010 9:13 AM, Nickname unavailable wrote:

...
are you saying that children can identify a scam quicker than a adult
can:)


NO! I am saying a child can recognize reason and logic quicker than YOU
can ...

...
BINGO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!! gold is
not money. you figured it out!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! now what
happens when money is in short supply? why, the owners of assets sell
said assets, to raise scarce cash to pay bills. and they snicker at
those who over pay for a asset in deflationary times. like gold bugs,
who are being goosed into over paying for a commodity used in
electronics and jewelery.


Gold = money. Indeed, there can be no money without precious metals or
things of value. The money only represents the gold. You can back
money with other things, those other things just don't have a lifespan
of eternity ... indeed, you can back money with a promise ... and that
promise can have a very short lifespan, indeed!

...
then little green pieces of paper, mean more to them than gold:)


That logic is why I consider you insane ... and a damn good example at that!

Gold,
for the most part, stays in places such as fort knox (yeah, I know, it
is empty, or else someone elses gold is stored there) or the large
holdings in china, middle east, etc. in large storage areas. Just like
people with money, people with gold have to trade part of their wealth
for things they purchase. People also go broke on large gambles, and
supplies of gold come onto the market.


you are making my arguments, thank you so very much.


Indeed, at least you agree with me here ...


Gold is a way to secure and hold wealth in a stable form, where years,
decades, centuries, etc. it can be liquidated and spent and used.



that is not true. it can hold wealth sometimes, sometimes it leads to
massive wealth loss. and it pays no income or dividends, its a very
poor way to hold wealth. anyone who bought gold in the early 80's can
testify to that.


You attempt to make gold and the actions and transactions surrounding
gold one and the same ... they are not ... gold is gold ... paper is
paper ... scams are scams ... other than money being a representation of
gold, a heavy substance hard to carry, gold has little to do with scams
which can be created to steal wealth or the fact a dollar actual worth
is the paper and ink ...

this article says it all, you still have not beaten a checking
account.

gold is a lousy investment, cash is scare in a deflating economy, cash
is king:since 1980:Gold Cant Beat Checking Accounts 30 Years After
Peak, average U.S. checking account rose at least 92 percent. On an
inflation-adjusted basis, gold investors are still 79 percent away
from getting their money back


Gold is an excellent investment to hold wealth in a stable form, indeed,
only precious metals will work for that. An OZ of gold in 1849 would
buy a very nice suit, today in 2010 it still will buy that very nice
suit ... indeed, it will even buy a nicer suit today. A $20 bill might
buy you a polyester tie to go with that suit (and look tacky!)

...


All the rest of your crap is mainly obfuscation meant to tire one out
and you win by "the last man standing rule." Lose that childs' ploy to
be taken seriously ... a fool needs a book to describe his point(s), a
wiseman a paragraph ...

Regards,
JS

John Smith October 3rd 10 05:31 PM

Liberal Fascists Versus Gold
 
On 10/3/2010 9:20 AM, Nickname unavailable wrote:

...


More tiring obfuscation and desperation ...

Truth is, dig up an old Roman gold coin, it will still hold near the
same value it had back then ... dig up the first gold coin ever created,
it will still hold near the value it was given then.

You won't be digging up any dollars from then ... but it you did manage,
they would only have a collectors value ... they financial worth would
be ZERO!

Regards,
JS

Nickname unavailable October 3rd 10 05:33 PM

(OT) : Three (3) Phases of Liberal Decay : Ending in Liberal-Fascism
 
On Oct 3, 9:36*am, Deep Dudu wrote:
On Sat, 2 Oct 2010 23:18:55 -0700 (PDT), Nickname unavailable

wrote:
On Oct 3, 1:13=A0am, (Ray Fischer) wrote:
RHF wrote:
Here are the Three (3) Phases of Liberal Decay :


Fascists hate liberalism.


--
Ray Fischer =A0 =A0 =A0 =A0
=A0


correct. its something the conservatives cannot explain away. in
fact, we know that fascism is the final decay of conservatism. they
are simply projecting again.


The recently coined term "liberal fascism" is nothing more than yet
another attempt by the right wing propagandists to blame everything
bad that ever happened in the world on liberalism. *The corporatists
can't come to an admission that the worst mass murderer ever in the
world was one of them, so they try to make fascism into a left wing
phenomenon in order to brainwash the lemmings. *


its called projecting. hitler and mussolini turned german and italian
society upside down, murder became legal, theft became legal, slavery
became legal, and were all viewed upon as admirable ways to make a
living. conservatives are doing the same thing today to american
society. night is day, day is night, black is white, white is black.

John Smith October 3rd 10 05:37 PM

Liberal Fascists Versus Gold
 
On 10/3/2010 9:21 AM, Nickname unavailable wrote:

...
the free market is a feverish cult, like all cults, reality will
never trump ideology.


Regards,
JS



Free market? There is no such thing, hasn't been for half a century or
more. Just start looking at the rules and regulations which cause the
system to be molded in fine detail and you will know this is fact ...
the tax code itself consists of many volumes and stacked, vertically,
upon the floor, stands taller than me, I suspect ... and the is but a
tiny fraction of the rules and regulations governing wealth, finances,
banking, commerce, etc. ... get real.

Regards,
JS

Nickname unavailable October 3rd 10 05:38 PM

(OT) : The Validity of the Term "Liberal-Fascist" - A 'Teachable Moment'
 
On Oct 3, 9:59*am, John Smith wrote:
On 10/2/2010 11:16 PM, Nickname unavailable wrote:



On Oct 3, 12:53 am, *wrote:


http://www.knowledgerush.com/kr/ency...sm_and_Nazism/


* * * * Socialism and Nazism
Nazism and socialism refers to a polemical, and political claim that
Nazism, or the "German National Socialism" of the 1930s to mid 1940s
is comparable in some way to the ideology of socialism. Political
figures in the US, Britain, and elsewhere may at times employ the
comparison as a rhetorical device aimed at discrediting pro-labor and
otherwise socially liberal platforms, by implying a guilt by
association between socialist economic philosophy and the tyrannical
rule of Adolf Hitler and the Nazis.
While the claim has little meaning among educated scholars, the
argument has some social resonance among "layman majorities" who tend
to be less able to discern (or have less access to) factual claims and
materials related to history and economics easy to sway with polemic
rhetoric, even if the claim has little substance or merit.


The definition of Nazism
The name "National Socialist German Workers Party," was a misnomer,
much like the "Peoples Republic of China," the "Union of Soviet
Socialist Republics," the "German Democratic Republic" and the
"Liberal Democratic Party of Russia." Few would argue that any of the
above countries were infact democracies or republics, and it is to
this above category that the Hitlerian self-image as a "National
Socialist German Workers Party," belongs.
The shortened term, "National Socialism," is a misnomer as well, and
by itself simply means a 'nationalist flavor of socialism.' But
because it is a very general term, it has some current resonance in
popular discourse particularly when it's used synonymously with
Nazism.
It's polemical use within Western capitalist societies, is designed to
evoke the twin demons of Naziism and (Soviet) "socialism," perhaps
generating a Pavlovian response to the common "enemy", in this case .
The accusation of political liberals as "socialists," (and hence by
implication "Nazis" and "Soviets Communists") is a rather typical and
well-documented cornerstone of conservative rhetoric in the United
States and other capitalist democracies. (See smear campaign, Red
scare, McCarthyism)
The Nazi party-appropriated-term "socialism," like "democracy" in the
cases above, was used to appeal to German workers for political
support during the tentative early years of Hitler's ascent to power.
Apart from the occasional use of empty pro-worker political rhetoric,
Adolf Hitler and his Nazi party had no inclination towards true
socialism, in the sense (democratic socialism) that it's used today.
Within the context of Hitler's unified, "racially-pure" Germany,
Hitler instituted and supported social programs that on their surface
had socialist structure. For example, his youth programs, education
and indoctrination programs, reproduction programs, all borrowed some
of their structure from existing "socialist" ideas, but insead of
keeping the democratic spirit of socialist ideals, he simply borrowed
what was popular to serve is quest for power. Whatever appeals Nazism
made to the German worker, family, culture, and society while in a
very general sense were socialist they were simply components in the
totalitarian rule of the Nazi party.
The claim that socialism and nazism are one in the same are an example
of the ignatoriao ilenchi fallacy for example, the same could be said
of the United States military industrial complex, which operates with
socialist/communist-like safeguards and protections, though its a part
of a capitalist system.


Ad-Hominem
The term Nazism typically has such a bad name that to link it to
anything tends to tarnish the reputation of that other thing. A "law"
of internet culture called Godwin's Law humorously states that whoever
first brings up Hitler or the Nazis in a usenet discussion
automatically loses the argument.
[1] [2] (tarring them with the same brush, as it were). Those who see
a connection insist that rather then being driven by ideology, they
seek only greater accuracy in political science.


Reasons Nazism is considered socialist


* * * * Self-depiction: the German Nazi Party called itself the "National
Socialist Worker's Party", and in 1927, Hitler said, "We are
socialists."
* *
* * * * The Left Wing (examples include Gregor Strasser and Ernst Rhm),
and working class brownshirts (or Sturmabteilung) within the Nazi
Party supported socialist programs.
* *
* * * * One writer, Lew Rockwell at the Ludwig von Mises Institute,
suggests that the chief difference beween Nazism and (as he puts it)
others forms of socialism is that the Hitler's socialism was
nationalistic while other forms (such as Communism) were
internationalist. [3]


Reasons Nazism is not considered socialist


* * * * Throughout its rise to power and rule, the Nazis were strongly
opposed by left-wing and socialist parties, and Nazi rhetoric was
virulently anti-Marxist, attacking both communists and social
democrats. A central appeal of Nazism was its opposition to Marxism
and other forms of socialism and its claim to be a bulwark against
Bolshevism and this is why they recieved so much material and
political support from industrialists and conservatives.
* *
* * * * The Nazi ideology saw socialist collectivism as part of a Jewish
conspiracy (Judeo-Bolshevism) meant to undermine the elitist
principle.
* *
* * * * Nazis proposed that only people who were considered "racially pure"
or Aryan would benefit from their policies. This can be seen as
contrary to the socialist ideal of a society for the benefit of all.
* *
* * * * In his rise to power, Hitler reassured German industrialists that
he would respect private property and fight labor unions. To the
extent that permitting private property to exist is contrary to
"socialism", then Nazism was not "socialist". On the other hand, some
democratic countries (like Sweden) have adopted some (but not all)
socialist ideas while retaining a degree of freedom to own private
property and have labor unions.
* *
* * * * Hitler received strong support from conservatives for the "Enabling
Act." This legislation was opposed by social democrats.
* *
* * * * After coming to power, Hitler sent thousand of communists, social
democrats and unionists to concentration camps and killed communist
leaders in Germany. He outlawed labor unions and guaranteed corporate
profits for Krupp& *Co.
* *
* * * * The profits of large corporations soared under the Nazis. With the
exception of Jewish property which was seized and sold, capitalist
enterprises were not expropriated or nationalised but remained in
private hands.
* *
* * * * The Nazis were anti-egalitarian believing in neither equality
(either among Germans or between Germans and non-Germans),
collectivism, nor the rights of the "masses". According to Hitler
biographer Ian Kershaw they had an elitist view of society and
asserted that in competition with each other the superior individual
would emerge on top. Despite the use of slogans such as "the common
good comes before the private good" their vision of social relations,
in practice, was in line with the ideas of Nietzche rather than Karl
Marx.
* *
* * * * During the party's ascendency in the 1930s, so called "left wing"
Nazis such as Gregor Strasser and Ernst Rhm were ruthlessly purged
and even killed.


Man, that is nothing but distilled BS. *What a friggin' idiot! *This is
some homosexual mental case ... one of the worst I have yet seen.

Regards,
JS


then refute it right wing stooge.

John Smith October 3rd 10 05:39 PM

Liberal Fascists Versus Gold
 
On 10/3/2010 9:28 AM, Nickname unavailable wrote:

...


Your text is nothing but drivel ...

And, you certainly are NOT a liberal. You are just a fool supporting
the status quo ...

Regards,
JS


Nickname unavailable October 3rd 10 05:44 PM

(OT) : Three (3) Phases of Liberal Decay : Ending in Liberal-Fascism
 
On Oct 3, 10:02*am, John Smith wrote:
On 10/2/2010 11:18 PM, Nickname unavailable wrote:

...
* correct. its something the conservatives cannot explain away. in
fact, we know that fascism is the final decay of conservatism. they
are simply projecting again.


What a friggin' idiot to even spend so much time on such an
infinitesimally small point ... I suspect meth, crack cocoaine or a
mental disorder which mimics the drugs effects ... I just love these
idiots, reminds me of why things are the way they are ...

Regards,
JS


refute it then. it seems when your type has nothing, you resort to
insults. me thinks that you see some disturbing similarities between
fascism and conservatism:)

John Smith October 3rd 10 05:45 PM

(OT) : The Validity of the Term "Liberal-Fascist" - A 'TeachableMoment'
 
On 10/3/2010 9:38 AM, Nickname unavailable wrote:

...
then refute it right wing stooge.


I am for tearing up ALL government. I am for interpreting the
Constitution though the interpretation which would be held by rational,
logical and reasoning average Americans--the same which accepted and
held the Constitution to be valid in the first place--rule by majority
of the people, and absolute rule by the people, whos' will is carried
out by their public servants. I believe most of the congressmen,
senators and the president should be jailed and charged with crimes of
treason against the people.

I am simply here waiting the revolution ... be it peaceful, or not ...
but things need to be put back in order.

Regards,
JS

Nickname unavailable October 3rd 10 05:51 PM

Liberal Fascists Versus Gold
 
On Oct 3, 10:31*am, John Smith wrote:
On 10/3/2010 8:03 AM, Chas. Chan wrote:

Fascism is a form of government which centers all power [House, Senate
and Judiciary] in a single party [Liberal Fascist Democrats] headed by
an absolute dictater [0baMa0 Tse Dung].
...


You have it correct, and such is our government. *However, some are
confused since the party can be referred to by two different
names--republi-crat and demo-can ... but, in the shadows the same
figure(s) pull the strings ...

Regards,
JS


man, you got it bad. the idiot just said the constitution was fascist.

John Smith October 3rd 10 05:53 PM

(OT) : Three (3) Phases of Liberal Decay : Ending in Liberal-Fascism
 
On 10/3/2010 9:44 AM, Nickname unavailable wrote:

...
refute it then. it seems when your type has nothing, you resort to
insults. me thinks that you see some disturbing similarities between
fascism and conservatism:)


You take despots out behind a run down shed and shoot them in the back
of the head ... then you get on with the important things in life ...
you leave idiots there to contemplate the dead body(s) for the time they
find necessary ...

Regards,
JS

John Smith October 3rd 10 05:58 PM

Liberal Fascists Versus Gold
 
On 10/3/2010 9:51 AM, Nickname unavailable wrote:


man, you got it bad. the idiot just said the constitution was fascist.


He did say this, "Anyone who is not a
ComuSexual-(Liberal/Progressive/Socialist/Communist) is a Fascist
according to Useful Liberal Idiots."

I can sum it all up, and more, with less, "You are a fool. You are an
excellent example, in the reverse ..."

Regards,
JS


John Smith October 3rd 10 06:02 PM

Liberal Fascists Versus Gold
 
On 10/3/2010 9:54 AM, Nickname unavailable wrote:

...
conservative(fascists)hate jews, because most jews are liberal.
thanks for proving that fascists are not liberals:) rick sanchez let
loose on jews recently. isn't sanchez a conservative?


It is so trivial, it boggles the mind. The same money lenders in the
temples, since ancient times, their bloodlines, their motivations, their
methods, etc., etc. are still alive and well today ... the weapons which
work against them are still just as effective. As then, only men of
principal and real worth are necessary to end their influence ... the
process was last instituted, on a grand scale, here in 1776, let us hope
it is instituted again, and soon.

Regards,
JS


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