I don ’t know why, but the ’first hundred days,’ since FDR’s time, seems to be important in a Presidency. So, here we go with Obama’s first hundred days. In the first hundred days, Obama, his Democrats, and a few liberal Republicans, have:
Gained control of both the mortgage and banking industries, and decided which banks should remain, and which ones are not ’well enough capitalized.’ (The federal government is the most under-capitalized, poorly run, wasteful, absurd government, business, industry, or corporation in the entire world.)
Gained control of, and become the largest shareholder in GM and Chrysler; forced their experienced CEO’s out of their jobs, and substituted men who had no economic or auto experience.
Appointed 21 ’Czars” with no Congressional approval, who would have control over just about every sector of America, whether we or the Congress likes it or not.
Followed George Bush’s policy of huge deficits, tripling them initially, with more trillions of deficits to follow, after promising to do the opposite.
Would seek power to seize companies who were judged to be ’possible failures,’ and also seek power to control loans, credit cards, mortgage backed securities, and other financial products available to the public.
Traveled to the mid east, bowed before a Saudi king, and apologized for America. Traveled to South America, warmly greeted Venezuela’s Hugo Chavez, and sat passively, while Marxist Daniel Ortega charged America with terrorism in Central America.
Wants to dismantle conservative talk shows with imposition of a “Fairness Doctrine,” and curtail First Amendment rights of the internet, cable news networks, or advertising.
Wants to limit Second Amendment rights to keep and bear arms. Wants to prohibit sale of any gun which requires shooter to pull the trigger for every round fired. (Actually, wants to eliminate sale of all handguns, if truth be known.)
Wants to eliminate states rights as guaranteed by the Tenth Amendment, and give the federal government sweeping new powers over state and local governments, schools, energy production, the environment, health care and personal wealth of all citizens.
Has allowed uncontrolled deficits to foster soon to be hyper-inflation, which will be a tax on everyone, regardless of income.
Has hired thousands of new bureaucrats, and started new bureaucracies without permission of the Congress.
Between Tuesday and Wednesday of last week, $217 billion was added to the national debt. So far, under Obama alone, $9,000,000,000,000 has been spent. So much for the first hundred days.
Then there is poor California with its $25 billion deficit it cannot pay. Too bad they can’t print their way out! $25 billion is a teensy weensy part of what the feds are spending every day! They have sent hundreds of billions to Freddie and Fannie, plus hundreds of billions to AIG, and heaven only knows who. Why not bail out California? No one has the slightest idea of how all of this can possibly be repaid anyway, other than with the printing presses. Repay? Don’t be silly. $75 trillion (it increases every day) in committed future payouts, is hundreds of thousands for every man, woman, and child in America. We are literally (no kidding!) on the verge of becoming another Germany in 1924. You remember, when a loaf of bread took a wheelbarrow full of reichsmarks to buy. Guess what the price of gold was in 1920? It was 80 reichsmarks before inflation, so It’s kind of hard to figure out what an ounce would be when a loaf of bread took a wheelbarrow full in 1924! Octillions of reichsmarks?
The point is, that no matter how low a currency goes, or stocks go, or bonds go, gold and silver will go up in the same ratio as other tangibles go up. Same tangibles. Same bread, tires and carpet. Same gold and silver. Just takes more of fiat scrip to buy them. So why doesn’t everyone wise up all of the sudden and clean us out again like they did when Obama got elected? Can’t fix stupid? Maybe stupid suddenly leaves and comes back? I have no idea.
Some will say that gold and silver go up and down, and are unpredictable. Short term yes, because remember, gold and silver are abject enemies of paper money around the world, plus the banking cartels and governments. These outfits don’t want you to have the security gold and silver give, but want you to depend on their hair-brained schemes and fiat money, which will all come to naught. So they do everything in their power to manipulate gold and silver prices, just like the Plunge Protection Team (PPT) does everything in its power to prop up the stock market. It’s in the power structure’s aim to keep everyone worried about the true value and reliability of precious metals. India just doubled the taxes on gold to try to discourage people from buying it. With the presses running night and day, believe me, they can’t manipulate forever, unless all the laws of economics are null and void, which they aren’t.
For the umteenth time: Stott’s law says that, “The more of anything there is, the less they will be worth,” and that includes paper scrip everywhere in the world. With trillions of dollars being spent and printed each year, without taxes to pay for them, every single tangible thing will go up in dollar prices. Every thing. A Coke at Burger King now costs $2 including tax, and when I was a kid they were a nickel. That’s inflation with a capital “I,” and it’s only going to get worse, till the prefix of “hyper” must be tacked on to that word. Protect yourself.