THE GOLD FALLACY - ANOTHER CON!

I have yet to figure out the "buy gold" as a hedge or investment logic,

while stating it is a better investment than the Dollar. I have difficulty with that statement.



If the Dollar crashes - as it well might with the huge shove off the cliff Oba-Hussein is giving it with his insane fiscal and financial policies and actions,(too many to list here) with WHAT will people buy your gold?



With worthless Dollars? Which you can then use to paper your walls? You won't be able to buy much with it and a wheel barrow of currency might still buy you a load of bread. (As was the case with the Wehrmacht Germany, which started printing only one side of a banknote to save printing time and enough to meet demand and distribute enough currency on a DAILY basis).



So! You have bits of yellow metal you cannot eat, maybe trade perhaps at a small fraction of the amount you paid for it, so what is the true value of your gold?



And for the most part, you do not even have the little yellow chunks or yellow coins. You have “ownership” of a mythical metal that if everyone who had this piece of paper asked to receive the gold they “own” the companies which sold it to them could not find enough metal to provide they buyers with what they have bought!



In practical terms (other than gold jewelry or actual bullion or coins you have on hand) you are exchanging a potentially worthless piece of “cloth” paper (US currency being printed on a cloth hybrid) for a phantom piece of equally worthless paper you cannot cash in for the gold it supposedly represents.



Advertising states gold has never been worth nothing.



That would not be true if the Dollar crashes. Gold would (on paper) be worth huge amounts of then WORTHLESS Dollars. With which you could not buy anything, pay your mortgage or rent, nor buy food or goods you need.



It will not be much use as a barter item. Why would anyone in their right mind give you anything in return for the bits of yellow metal, they will not be able to use for anything? (Industries needing gold to manufacture items would have long gone out of business).



By that time (Dollar crash) BARTER will become the only stable form of trade. You might be able to exchange a warm sweater for something you need much more readily than a piece of “useless” (by then) piece of yellow metal.



Or to barter your skills and services for something or service you may need.



The other likely interim step (already started in one township) is to print local Scrip (money equivalent) that represents the barterable services or items. This local money will ONLY be usable in the very local area and among local merchants.



If you want a good over view of this situation, go back to Roman times and see how money/coins were minted and how some were worth more than others and often only in a small local area.



Crooks would shave precious metal off coins (as they have in the USA from silver and copper coins), others (including local rulers) would contaminate the purity of coins they put out, to save money from their treasuries etc., etc.



Our crooks would print copies of local Scrip and put the value of this local trade into turmoil very quickly.



Retailers would no longer use cash registers but have boxes to store items they receive in trade. Change for a barter item worth clearly more than needed would be given with an item from this storage box.



This is the “fun and games” part of the Dollar crisis whereas the REAL tragedy will be in the potentially tens or scores of millions who die hungry and in the streets because they have nothing to barter, nothing with which to feed or clothe themselves and under THOSE conditions no government (local, national or any other kind) will be able to support the food, shelter, health or other basic needs of those multi-millions of destitutes.



Already, even now, Oba-Hussein’s moronic policies have created food lines, which have increased to such an extent in many parts of the country where the charitable, church or government organizations are being strained to accommodate the needs.



Food stamp requests and qualifiers have also increased to a startling exponential degree and printing them has become a notable budget cost item.



All of this is being hidden by the LameStreamMedia to protect the Oba-Hussein-Khomeini administration that either from sheer lunatic stupidity or ON PURPOSE (this thought arising from “can they really be that idiotically incompetent?”) so we - as a nation - largely continue in denial.



And yes, with the choice of the weirdo czars and unbelievable administration top dogs, self-serving Congress and Senate, put in charge of America, they ARE probably a mix of morons and intentional destruction of our capitalist society for a Socialist - even Marxist replacement that suits Oba-Hussein’s philosophy and world view.



America HAS to be destroyed to achieve that philosophy. Into a global Islamic Caliphate under Allah and horrific UNMODERNIZED, unbending customs and laws from 1,400 years ago, or into a Socialist/Communist type of global government under the United Nations. In both instances national sovereignty cedes to the overarching Allah or UN philosophies.



And, noting once again, how Obama emulates the policies of the Islamic Mullahs in Iran (which has just shut down the Internet in the country to impede forthcoming demonstrations being organized, Oba-Hussein has plans being formulated (by “private company” outside Internet expertise sources with desks inside the Obama House) to be able to shut down the Internet inside the USA and sever our ability to communicate with each other, should push come to shove, in "opposition” to Obama policies.



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By virtual decree, Unions have been exempted from listing their slush funds, their spending etc., so that they can act as a thug/bully strong-arm for the Obama administration. And Soros is funding effrots to appoint left-wing Secretaries of State so that they will help control and refute accusations of fraud by the Democrats.



WAKE UP AMERICA



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by Don Loos





Thursday, the Obama Administration announced that it will rescind rules requiring the disclosure of financial information for Big Labor slush funds and front groups. And, the Obama Administration is giving you only 11 (eleven) days to comment!



At least they are consistent! Just as they did for union conflict-of-interest disclosure reporting that SEIU’s Andy Stern may be ignoring and just as it rescinded union-boss perk disclosures, the Obama Administration continues to rollback union financial disclosures.



It is not surprising that Obama’s Secretary of Labor Hilda Solis would rescind these financial disclosure rules since she is the former treasurer of the Big Labor funded American Rights at Work (ARAW) lobbying and political group. These disclosures would reveal much about the group’s expenditures on behalf Big Labor’s agenda; the very types of expenditures Solis would have signed-off on as ARAW Treasurer.



Union officials have fought these financial disclosures since 2003. One of the AFL-CIO lawyers involved in opposing these disclosure requirements was Deborah Greenfield. Now, Greenfield is the Obama Administration’s Acting Deputy Solicitor of Labor and Director of the Office of the Secretariat. As Deputy Solicitor, Greenfield oversees these regulations.



This looks like the same old Washington insider influence that Presidential Candidate Obama, President-Elect Obama, and President Obama promised that he would not allow.



But, there is more. Not only are Solis and lawyer Greenfield potentially violating President Obama’s declared prohibition against conflicts-of-interest, there are many more union insiders at the Department. The Senior Advisor to Department of Labor Secretary Hilda Solis, Mary Beth Maxwell, greatly benefits from this rescission because she was the Executive Director of ARAW. ARAW’s financial activities while Maxwell was in charge are currently due to be disclosed.



However, in eleven days these ARAW financial disclosures will be lost forever. (And prosecutions will become impossible)



http://biggovernment.com/2009/12/04/obamas-labor-department-gives-big-labor-and-its-front-groups-another-gift/