Gold and the Obama Administration

[frawin]

While the President and his puppet Joe Biden run around touting the "Summer of Recovery" and the so-called "jobs saved", the market is not fooled by empty rhetoric or suspect statistics coming from the bowels of Washington D.C.  It is not only the ongoing ineptness of the current governing class that has completely eroded confidence in the current policies of this administration, it is also their stubbornness in their allegiance to radical re-distribution ideology.
Perhaps some of the people can be fooled some of the time but the markets will not be. They will reflect reality.

Obama and his Socialist group have taken Gold to the highest levels in history.
http://www.americanthinker.com/blog/2010/09/gold_and_the_obama_administrat.html

[srkruzich]

The reason why they gold is the highest it has ever been is because Gold is like the door jamb in a earthquake.  It is where you go when you have no choice.
Glenn beck did a good explanation on that.  Where they have made bonds, securities, real estate, stocks ect fail and the last resort is gold to secure your money.
IF we are at the gold stage, its a major alarm of collapse.

[Diane Amberg]

Who is "they"?

[srkruzich]

Who is "they"?

This current administration for one.  Congress for another.

[Warph]

This current administration for one.  Congress for another.

I agree, Steve.... those are two money grubbin' groups that would cut your throat fror a $50 American Buffalo gold coin if they knew you had one.

[srkruzich]

unfortunately i cannot find that piece glenn beck did that was very eye opening.  basically he had a visual on the floor.
it was layed out in 4 blocks with a door frame over the 4th block. 

first block was stocks, second was bonds, third was real estate and 4th was gold.

He was talking bout when economy was vibrant that folks put money into stocks.  but when the stocks were threatened that they would movee it to bonds and when bonds and stocks were threatened they would move into real estate.  And when real estate was threatened they would move to gold.

The lesson was that each level was a more secure safety room than before when everything started failing.   And the final room gold was as if we were in a 9.?? earthquake, just hanging on for our lives.  There was one more block on the outside of that door and it was the unknown.

THis economy was created.  It started at the end of Bush's administration, and it was pushed mostly due to a democratic controlled congress.  I also put a little blame on the president for caving and allowing it to go on without a fight but to be quite frank i think he was just too tired to fight them anymore.

When obama took control, he just exacerbated the problem.  Spending money when tightening the budget should have been the first priority,. funding bailouts with his spendulous spree, taxing, and now it looks like were going to get nailed with a massive tax increase, Including the poor. 

I don't know how we are going to survive it all.  now they are predicting the continued collapse of real estate. Amazing.... 120,000 homes forclosed on a month. Banks holding onto forclosure properties til the real estate stops collapsing, and when it upticks their going to dump properties on the market and that will finally collapse the entire housing market. 
What does that mean?  ALl these cheap homes ging to hit the market, no new homes or additions or anything like that will be built providing jobs for the construction workers building companies..  Right now the commercial market is collapsing.  were in deep shit! 

I don't even think Gold will keep peoples investments and money safe anymore.  I noticed gold started dropping.
Gold cannot keep going up. it just isn't viable for it to keep climbing. 

We are in a bankruptcy state already and heck it wasn't that way 2 years ago.  2 years ago we were in a hell of a lot better position to avoid this mess than we are now.

What happens to us if it does?  In the last 2 years, i have witnessed groceries doubling in prices.  Literally. 
Shoot 2 years ago i could get a pound of jimmy dean sausage, or even tennessee pride for 2.00 a pound.  The other day i looked at the price and its 4.75 a pound..  Pound of ground beef i could get for around 1.20 a pound now its 2.50 a pound, chicken i could get leg quarters for.39 a pound now its .69 a pound.  its out of control.