Wall Street Journal Marginalizes Gold Investors
Editor, The Wall Street Journal:
In a piece of fewer than 500 words purportedly describing the performance of gold prices (Heard on the Street, July 26), your writer uses the word “goldbug” no less than three times. Indeed, it describes the goldbug’s “beloved” metal.
I’m pretty sure it is intended to be demeaning, especially since the very first word of the article is “paranoia.”
Now, nobody uses the term stock bug or bond bug to refer to investors in those markets. Nobody calls someone a real estate bug. The same issue of the WSJ reports that Goldman Sachs is confronting a fine of as much as $1.25 billion for its mortgage securities practices. And yet, despite their wild excesses, nobody at Bear Stearns or Goldman Sachs was ever called a mortgage-backed security bug or CDO hound or anything else for that matter.
But those with an appreciation for gold’s long monetary history and a clear eyed-view of central bank excesses are called goldbugs.
Isn’t this a little out of hand?
I’m very pleased to be a part of Ron Paul’s new venture… Voices of Liberty!
Go to VoicesofLberty.com and sign up to be notified of launch! Now only days away!
Charles Guest Hosts the Laura Ingraham Show Thursday, July 17
Listen as Charles hosts the national Laura Ingraham Show on Thursday, July 17.
It’ll be three hours of Freedom and Prosperity radio with provocative conversation and some outspoken guests!
In most markets The Laura Ingraham Show airs 9 AM – 12 N ET; 6 AM – 9 AM PT.
To find Laura’s home station in your market, go HERE.
The question about impeaching Obama should be, “Impeach him for what?”
So far nobody has found Obama fingerprints on the IRS scandal. If it is tracked directly back to the Oval Office, that would be grounds enough. But nobody has the goods yet….
The real grounds for impeaching Obama should be his arming of al Qaeda affiliates in place like Libya and Syria. That’s life or death. Of course Republicans won’t do that because they have their fingerprints all over the same policy.
In wartime, arming the enemy is an act of treason and it calls for the death penalty. But who is the enemy? The president doesn’t have the authority to wake up grumpy and just declare Russia or China or any other country the enemy.
To have an enemy, you have to have a congressional declaration of war. We don’t have one. And we haven’t had one since World War II.
The founders knew that a formal declaration of war concentrates peoples’ minds wonderfully. That’s why they put it in the Constitution.
If we had followed the Constitution in 2003 and declared war on al Qaeda or whoever the actual enemy was deemed to be it would have prevented a lot of mischief.
More on the Charles Goyette iTunes link
Funding ISIS and al Qaeda affiliates in Syria
Maybe generations of rich, riotous living has left the Saudi royal family brain-addled. But isn’t it obvious that once the ISIS and al Qaeda-like jihadists they have been supporting establish their caliphate in Iraq and Syria, their eyes will turn to Mecca and Medina?
The ISIS caliphate on the March!
A huge harvest of captured American weaponry will now power the ISIS jihadists to more gains.
The Wall Street Journal quotes security analyst Anthony Cordesman as saying that ISIS has taken control of “approximately three divisions worth of equipment and probably at least three depots” in the area around Mosul.
“What they almost certainly do have now is enough ammunition to support a major campaign and enough small arms and vehicles to move quickly,” says Cordesman.
The Unemployment Rate Drops to 6.1 Percent…
But behind the government numbers is the rest of the story.
Actually the number of full-time jobs fell, while the number of part-time jobs jumped. And full-time jobs giving way to part-time jobs is not good news. The Bureau of Labor Statistics says that for June the number of part-time jobs rose by 799,000, but full-time jobs fell by more than a half million, by 523,000.
Notes for the Fourth of July
by Charles Goyette
For many years, I made it a practice each Fourth of July to honor the ideal of America and the people who brought it forth by studying some of the founding period’s history or by reading biographies of those who helped bring this ideal to life.
Of course my interest is in how America became a land of Freedom and Prosperity, because things could have turned out much differently. We could have ended up an extension of Europe: a land of imported royalty with a social order rigidly stratified by birth, not merit; a continent of petty princes and warring principalities.
But we did not. Our good fortune was not inevitable, but depended on the appearance on the American stage of a most unusual group of individuals.
It is clear that the giants in the generation of our founders do not just appear larger than life in the rearview mirror of history. They were indeed remarkable men who became remarkable because they chose to make themselves so.
Benjamin Franklin, 70 when he signed the Declaration of Independence, was older than Washington, Adams, or Jefferson and already renowned at the time for his accomplishments….
A Man’s Home Is His Castle!
The US Promises to Go to War For More Than 54 Countries
There are 54 different countries on Earth that the U.S. is legally obligated to militarily protect and defend if they get into their own conflicts:
NORTH ATLANTIC TREATY
PARTIES: United States, Albania, Belgium, Bulgaria, Canada, Croatia, Czech Republic, Denmark, Estonia, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Turkey, United Kingdom
AGREEMENT BETWEEN THE UNITED STATES AND AUSTRALIA AND NEW ZEALAND
PARTIES: United States , Australia, New Zealand
PARTIES: United States, Philippines
SOUTHEAST ASIA TREATY
PARTIES: United States , Australia, France, New Zealand, Philippines, Thailand, and the United Kingdom
PARTIES: United States, Japan
REPUBLIC OF KOREA TREATY
PARTIES: United States, Korea
PARTIES: United States, Argentina, Bahamas, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Panama, Paraguay, Peru, Trinidad & Tobago, Uruguay, Venezuela
– More from John Glaser at Antiwar.com
General John McCain Strikes Again!
David Stockman writes: In response to the growing tension around the Ukraine, General McCain has apparently been scouring the map of eastern Europe for former Soviet satellites and vassals that have not yet joined NATO. Behold, he found some! The following is from his 11 point plan:
“Work within NATO to take all necessary steps that can prepare for the expansion of the alliance to include countries such as Georgia and Montenegro as soon as possible.”
Just what I was thinking: a military alliance with a tract of land that is home to a complete sample of all the warring peoples of the Balkans including: 278,000 Montenegrins; 178,000 Serbs; 6,000 Croats; 21,000 Muslins; 54,000 Bosniaks; 30,000 Albanians; 5,000 Romani; 900 Macedonians; and 31,000 others who won’t say.
Never mind that its GDP is only $5 billion or 0.0003% of the US. General McCain is thinking deep amidst the fog of war.
“It is really a stunning, willful choice by President Putin to invade another country…”
“You just don’t in the 21st century behave in 19th century fashion by invading another country on completely trumped up pretext.”
– Secretary of State John Kerry CBS Face Nation, March 2, 2014
“… the official ideology of the governing class, an ideology that is neither specifically Democrat nor Republican.”
Despite apparent impotence…
… President Obama can liquidate American citizens without due processes, detain prisoners indefinitely without charge, conduct dragnet surveillance on the American people without judicial warrant and engage in unprecedented — at least since the McCarthy era — witch hunts against federal employees (the so-called “Insider Threat Program”).
Within the United States, this power is characterized by massive displays of intimidating force by militarized federal, state and local law enforcement. Abroad, President Obama can start wars at will and engage in virtually any other activity whatsoever without so much as a by-your-leave from Congress, such as arranging the forced landing of a plane carrying a sovereign head of state over foreign territory.
Despite the habitual cant of congressional Republicans about executive overreach by Obama, the would-be dictator, we have until recently heard very little from them about these actions — with the minor exception of comments from gadfly Senator Rand Paul of Kentucky. Democrats, save a few mavericks such as Ron Wyden of Oregon, are not unduly troubled, either — even to the extent of permitting seemingly perjured congressional testimony under oath by executive branch officials on the subject of illegal surveillance.
These are not isolated instances of a contradiction; they have been so pervasive that they tend to be disregarded as background noise. During the time in 2011 when political warfare over the debt ceiling was beginning to paralyze the business of governance in Washington, the United States government somehow summoned the resources to overthrow Muammar Ghaddafi’s regime in Libya, and, when the instability created by that coup spilled over into Mali, provide overt and covert assistance to French intervention there.
At a time when there was heated debate about continuing meat inspections and civilian air traffic control because of the budget crisis, our government was somehow able to commit $115 million to keeping a civil war going in Syria and to pay at least £100m to the United Kingdom’s Government Communications Headquarters to buy influence over and access to that country’s intelligence. Since 2007, two bridges carrying interstate highways have collapsed due to inadequate maintenance of infrastructure, one killing 13 people. During that same period of time, the government spent $1.7 billion constructing a building in Utah that is the size of 17 football fields.
This mammoth structure is intended to allow the National Security Agency to store a yottabyte of information, the largest numerical designator computer scientists have coined. A yottabyte is equal to 500 quintillion pages of text. They need that much storage to archive every single trace of your electronic life.
From the CBS Evening News…
I have said many times that when the evening news starts doing stories from the grocery store about how the American household budget can’t stretch much more, then you would know that consumer price inflation is starting to kick in good and hard.
American exceptionalism includes hating to queue. Silicon Valley has been happy to help out.
What is the heart of American exceptionalism? Is it Alexis de Tocqueville’s “they would rather be equal in slavery than unequal in freedom”? How about Abraham Lincoln’s “conceived in liberty”? Or Ronald Reagan’s spirit of rugged individualism? Meh. Those are answers for a high-school civics exam. It’s actually much simpler: Americans will put up with just about anything—except for waiting in line.
It’s no coincidence that nearly every important technology development of the past 20 years also happens to be a line-killer. Print-at-home boarding passes, automatic hotel checkout, bar code scanners. ATMs to avoid waiting for—and talking with—bank tellers. And when’s the last time anyone has waited to use a pay phone?
This productivity revolution based on queue-quashing has just begun, yet even now you can almost live your entire life without waiting in line….
– Wall Street Journal, More HERE
Charles to Speak at Annual Freedom Summit!
This year’s summit, February 14 -16, in Phoenix, makes the optimistic assumption that we are moving away from an authoritarian society, and it asks how one positions oneself accordingly.
Others speakers this year include Overstock.com CEO Patrick Byrne, Professor Butler Shaffer, Judge John Buttrick, Anthony Gregory from the Independent Institute, Marc Victor and Ernest Hancock.
Learn more about the Freedom Summit and register HERE.
Edward Snowden, the German Interview
“We saw a circling of the wagons of government around the NSA. Instead of circling around the public and protecting their rights, the political class cirled around the security state.”