Some? Which one? One of the ones that has already gone BK on the billions they've received like Evergreen?, Solyndra? or one of the many others that will be going bankrupt over the next 24 months. Perhaps your problem stems from the fact that you are not a huge financial donor to the Democratic Party like George Kaiser, the financier of Solyndra. Just consider it a lesson learned, and start supporting Democrats. Obama is racking up another $450 billion dollars in government handouts for his political supporters and it might not be too late to get your share. No credit approval required.
Ironic... The one in question was just raided by the FBI yesterday... Hmm... When I think what I would have done with my business if given 1/2 a billion bucks... WOW.
Speaking of someone looking for a handout, Rick Perry after cutting the funding to his own Fire Department is now asking the Administration to foot the bills he is unwilling to pay for himself. Cutting the Fire Department during a historical Drought....Texas, the yet unBalanced Budget while the State burns up.
Why Breeze Wood, how nice of you to point out that Obama has been prejudicial in singling out Texas for denial of FEMA funding for what is clearly a disaster, while at the same time throwing hundreds of millions at states which were barely damaged by Irene. I'm with you though. Texas should pay it's own way with the it's rainy day fund, just as the other states should pay to fix their own damages as well. Either way is fine by me, so long as the federal agencies do not demonstrate bias against a state with greater need, but fewer registered Democrats.
BreezeWood, in recognition of your work to deny inconvenient truths and troublesome reasoning, I hereby nominate you as DP's unofficial Minister of Public Enlightenment and Propaganda.
Under Bush it took 8 years to raise the gold price by 500 USD and under Obama 3 years to be raised by 1,200 USD. Gold is the true indicator of how well a currency does. I have posted this chart previously. Would you mind explaining to me exactly what Obama has done to prevent things from getting even worse?
I'm sorry, Breeze Wood, but your initials should stand for Back Wards. Of course the trend was started under W. but the true deception doesn't lie within someone beginning it. It lies with providing a savior and convincing the population that they can lean back and enjoy watching him fixing it while that person makes it worse than Bush ever made it. Selling hope and watching the masses unwilling to accept that they have once again been lied to is key here. And Obama is a much better actor than Bush was, so the current administration is the final hammer. The nail is half way into the coffin. And what you are doing is holding that nail to make sure Obama has a clean shot. (Not just you, but the many people who are like you)
Just in passing, the relationship between Gold and the Dollar is purely passive and has no economic value of its own accord. Blue Star and Blogmaster...have you ever heard there are Mining Companies that specialize in extracting / printing Gold and do so on a daily Basis? ......... Corwin & Spencer, does the truth have no value but to shudder from its meaning? Mia, WMD as usual. O, is not funding your Fire Department a natural Disaster?
Isn't that the point, to increase the value of gold? Isn't that the real money? Isn't it when gold rises it means the value of everything rises with it? The problem I saw was houses and other stuff all went up but gold didn't so it was all pretend money. By making gold prices higher it brings reality back to those rising prices doesn't it, as now it has something hardcore to back it up? So now that 200,000 dollar house will really be worth $200,000, what have I missed?
Webby, the relationship between gold and the Dollar is passive - the rise in Gold price has no bearing on the dollar. The reason it is rightfully not a Standard. Bushranger is correct, it is simply a valuation of an independent commodity, and a healthy response in evaluating the new and modern U S "Trillion Dollar" economy.
An art dealer: He goes to a local gallery and checks out a local artist. He buys one or two paintings to start. He likes the art and buys the next 30 of his paintings for $100 each. He puts a couple in the auction and gets $30 each for them. That won't work. He tells the artist I only got $30 so I can't pay more than that. The artist sells the collector his next 50 paintings for $30each. The art collector now has 150 of his paintings. He puts a couple more paintings in the auction, goes to the auction and buys them himself for $500 each. He pays the money, and collects his sales money so it has actually cost him $50 (10% fee) to buy back his own painting...that's crazy you say...not so...! Now, he has paintings that are worth $500 each, because that's what they sell for at auction ( and that's how a price is determined). He's on a winner because he now has 200 of them in the kitty. He sells a couple more at $500 each and then goes back to the auction and buys them from himself at $20,000. Now his paintings are worth heaps and now he's a very rich man. That's the tricks that are used to make money from nothing, if anyone is interested. Now I only bring up that scenario to say they've been doing similar shit like that with "shares" for a looooong time. The disconnect between the real worth of the dollar can only be brought back into line by bringing the real price back to the table. They can't just drop it back to much lower gold prices without losing most of what they've built up, including many of the houses that remain. There's only one way to do it "lightly" and that is to raise the price of gold to bring it inline with the pretend economy they built, and that which many rely on for life. That's why I believe gold will be a great investment until the price is right, and imho we're looking at at least a tripling of its current $1800 price before it will start to slow and the economy gets back on track. If that doesn't happen, well it will all fall down anyway.
You may believe what you like but my post is true. I watched it done. It's more a Pump & Dump situation.
Please read this carefully, BW, because I am stating this for the 3rd time, but you insist to continue putting your spin on it. (One of many sources stating it. Google yourself) Unlike the USD, gold is NOT a currency. Forget currencies. Forget stocks and bonds for a minute as well. Gold is THE way to preserve buying power. Its buying power remains the same (or more or less the same) always. The purpose gold has in my examination of the USD is that it indicates permanent value. I am not matching gold against currencies to determine the value of gold as gold IS money. When I look at gold having the same buying power for equity over centuries, I am using it as an indicator to evaluate the buying power of currency, the USD specifically. Gold IS the standard. Currencies are human creations and subject to manipulation. When gold compared to the USD rises, it means so does everything else of value. It is THE perfect indicator of how the buying power of the buck goes down. I am not sure how else to explain this to you in terms you will understand. I think you are deliberately ignoring the facts. Feel free to ask me anything. I will take my time to make sure people understand the simplicity of this in an upcoming article. The only explanation I have is "financial brainwashing" that keeps people from looking at this. The value of the USD is perception based and its drop indicates less faith in the American economy. If you consider the relation between the USD and gold passive, the evaluation of the USD is not within the roam of reality. Comparing the USD to gold however puts it there. April 19, 1999: Swiss Narrowly Vote to Drop Gold Standard 2007: http://www.politics.ie/forum/economy/164918-switzerland-discusses-return-gold-standard.html I personally cannot stand this guy, but this demonstrates the ignorance about the population when it comes to the value of gold: [video=youtube;Gk5aRIz17fk]http://www.youtube.com/watch?v=Gk5aRIz17fk[/video] My favorite (*puke*) is the girl who tells him Canadian gold is worthless in the U.S. I know you have more sense than that. Use it.
Let me add something else here since Soros seems to be Obama's financial advisor/sugardaddy/mentor/handler or whatever you would prefer for their relationship to be called. February 2010: George Soros, “The Ultimate Bubble is Gold!†– and Still Buys Gold Isn't it better to look at what they do rather than listen to what they say? ~ Mike
I find myself wondering, when you disconnect your currency from the Gold you have, what do you got to back it up? What is going to decide the buying power of your currency, most importantly, what's going to stop you from flooding the market with printed currency. What will be the real value of the currency? I don't think it's about ignorance. Think about it, when you see a guy holding a mic, offering you to sell a 1 ounce pure gold coin for $50, would you really pay any heed? I know I won't because I'll take it as some kind of prank.. It's evident by the fact that people who knew the real price of gold, refused to buy it. They must have thought that the coin was a fake.