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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Gold to Usher in Brave New World

Commodities / Gold & Silver 2009 Sep 26, 2009 - 07:04 PM GMT

By: David_Vaughn


Best Financial Markets Analysis Article“You Lie!” - Looks like US politics are starting to heat up a bit. 

The nation deserves a little excitement.  Clinton was a lot of fun but George just seemed to put us all to sleep.  The way both parties are going at it today you’d think this was Custer’s Last Stand.  Maybe a better analogy is the Rubicon. 

“You lie you don't want to hurt me
So you lie, buy a little time, and I go along
What else can I do, maybe it's wrong
But you know how much I love you
So you lie 'til you can find a way to say goodbye
You lie”

And just what is the reaction of all this bad behavior and improper protocol to other congressional leaders?
Speaker Nancy Pelosi - "I have concerns about some of the language that is being used…”   “Pelosi said, choking up and with tears forming in her eyes.” "This kind of rhetoric is just, is really frightening and it created a climate in which we, violence took place…”

Well, if you read your history books there has always been fist fights and violence in the nation’s capital.  And in modern day England violent behavior is expected of politicians when they meet in their law chambers. In the 1850s US Congressman Preston Brooks of South Carolina entered the chamber of the United States Senate and beat Senator Charles Sumner angrily with a cane and knocked him to the Senate floor.

“States that failed to secure freedom and liberty for their citizens (and politicians?) would inevitably decline and fall.”  Christopher Kelly

Have you noticed the solemn aura that exists with so many of those ruling our vast American Empire now?  Reminds me of Baptists on Sunday morning.  Gold, having passed the 1,000 dollar wall, is poised to take its own direction…which will be inevitably higher. The world is in disequilibrium and the faults and cracks are beginning to show.  It appears that many politicians are beginning to fall into the depths of these holes.  Angers are flaring and political sentiment is at the boiling point. 

Civility in our nation is quickly turning into black coal. 

Nouriel Roubini - "…fiat currencies globally are being created at a double digit rate by the world's central banks....” “Short-term rates of 0% are bullish for gold, which serves as a store of value but is a useful hedge against deflation as well, since deflation is inherently destabilizing for financial assets. In the 2001-03 deflationary period, gold rose more than 30%, not to mention the prospect of a return to a dollar bear market... “”Gold tends to be less sensitive to global economic slowdown than industrial metals or energy and works better as a hedge against crisis than inflation”

Maybe the passion evolving will subside when our government successfully curtails all free speech.  The armies and camps are already being prepared for those who would exercise their right to speak and think freely.

“Are you ready for martial law and the American holocaust…?” “Most Americans don’t know these FEMA camps exist. In fact, you might have a FEMA camp or authorized facility in your home state.” “Can you imagine being hauled off to a concentration camp, separated from your family, friends, and loved ones? Just like they did in Nazi Germany? Don’t think it could happen? Think again.”

“According to the principles of martial law, all federal agencies including the FBI and CIA, and local police and fire departments would fall under the directives of the United States EXECUTIVE Branch.” “Don’t think the Federal Arm will seize your property and possessions? Think again!  The Federal Arm will [eventually] take control of everything!” FEMA was created in a series of EXECUTIVE orders. A Presidential EXECUTIVE Order, whether Constitutional or not, becomes law simply by its publication in the Federal Registry.”

“Congress is by-passed.”

“Executive Order Number 12148 created the Federal Emergency Management Agency that is to interface with the Department of Defense for civil defense planning and funding. An “emergency czar”…

We should really be prepared for these events.  Who is not familiar with the popular and ancient book, “1984”?  Right will become wrong and wrong will be as right.  The populace will be so confused its will to fight for freedom will disintegrate.   Well, we have another health care proposal being shoved down our throats.  Many are not satisfied with it because the plan does not create a government run insurance program to compete with the private insurance providers. 

Listen to the following text below.  Yard sales are now potentially felony crimes per our present administration.   And just what are a few of these items you will be fined up to 15 million dollars for at your next garage sale?  Clothing, cribs, playpens, infant car seat carriers, baby walkers, toy chests, hair dryers, bunk beds, bean bag chairs, mattresses, the easy bake oven, and on and on. I feel safer already.  I always thought those flea markets were a communist plot!   Thank the good Lord for those executive orders now being created in the dead of night as everyone sleeps the night away.

James V. DeLong – “Given the success of deregulation in other spheres, perhaps more property rights and less planning would produce metropolitan configurations that better satisfy the great variety of human needs and desires.”

Our US Executive Branch is now practically sovereign.  Our Executive Branch now rules the country with Czars picked by the all powerful Executive Branch.   Inflation has already begun for those who can honestly read the signs.  What do you think the result will be for 5 trillion new dollars in our economy? So far in 2009 over 90 US banks have gone under.  And another 400 plus that have provided risky loans for commercial real estate, strip malls and offices are in deep trouble. 

Ready for a brave new world? 

Life is so much like a path we travel.  You can never go back.  Only forward.  And the landscape we see today and for tomorrow may be far different than the landscape we passed behind us.  That is so much like the present circumstances today.  We are facing a new landscape because we have traveled further down the path.  Our world, our economy, our very lives…all these things have changed as the years have progressed and will dramatically continue to transform on into the next decade. 

Many of the rules applied in the past are no longer valid.  Gone forever.  So the task we are left with for today and tomorrow is to attempt to understand the new changes occurring around us today and for tomorrow.  A lot of these changes will not be welcomed never the less we have to deal with them.  The coming decade will be like no other we have ever faced in our generation.  The struggles may be more difficult.  They will be more difficult.

“Does the price of gold rise or fall in a deflation?” “…people rightly guess that double-digit inflation would prove rocket-fuel for the bull market in gold.” “…it’s risen four-fold during this decade’s low consumer-price inflation…”

Owning gold is the best way to preserve the true value of your savings. Unemployment is climbing to over 12% in many states. Gold prices are up, gold mining stocks are up. 

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David Vaughn

The future legacy of the United States will be the refined art of financial leverage.

© Copyright 2009, Gold Letter Inc.

“The Worldwatch Institute, an organization that focuses on environmental, social and economic trends, says the current rate of global demand for resources is unsustainable.”  

The publisher and its affiliates, officers, directors and owner may actively trade in investments discussed in this newsletter. They may have positions in the securities recommended and may increase or decrease such positions without notice. The publisher is not a registered investment advisor. Subscribers should not view this publication as offering personalized legal, tax, accounting or investment-related advice. The news and editorial viewpoints, and other information on the investments discussed herein are obtained from sources deemed reliable, but their accuracy is not guaranteed. © Copyright 2009, Gold Letter Inc.

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