The Obama Administration has put the word out to the press they need help. NBC on its Nightly News was now reporting the number of people killed in the United States by guns on a daily basis. This is all about trying to manipulate the public into assuming that if they vote to disarm everyone, that will eliminate guns and end the violence. The bulk of the guns come in and are associated with drugs. There are drug wars and virtually every drug dealer needs to be armed to protect himself from other drug dealers looking to rob him or kill him. There are gangs that dress up as police and raid other drug dealer operations. Make drugs legal, you will end the violence, return the Latin American governments to their people, and watch how the streets will be safer just as what took place after prohibition ended. That was memorialized in the song the Night Chicago Died.
The most common prison sentence involves the simple possession of a gun or ammunition. Ex-Vietnam Vets who had empty shells made into a necklace were sent to prison for even possession of an empty shell under the theory they could refill it even if they had no gun. If you had a DWI in most states, Federally they can lock you up if you had even an empty shell and served in the war.
It is not about DOING something with a gun, it is about the mere possession that is a crime on the books right now. Once you are locked up and it has been proven that you were not classified as a felon, the Feds still refuse to release you. They will NEVER admit they are wrong for anything. This is how they execute innocent people that they know are innocent but withhold the evidence and go have dinner after he is dead celebrating another notch in the belt..
The sad part is the game is afoot. They will enlist the media to spin stories to now justify Obam’s desire to disarm America so the only people with guns will be the real criminals and drug dealers. It is already a crime for them to just possess a gun and they still have them. So how will this somehow change anything?
Just do the background checks like TSA does before you get on the plane. They can buy whatever they want on the streets anyhow. Do you really think drug dealers go to the store now? This is not about stopping violence for to do that, legalize drugs. This is all about manipulating public opinion for other reasons. They could care less how many people die. Its all about what is coming and they know what that is.
In gold, a closing below 16960 will shift this market into a neutral position. Next month, 16700-16900 will become initial resistance.The major support lies at the 15400-15700 area.
In silver the major support is in the 26-2700 level. A closing today below 3070 will keep silver in a neutral to bearish mode. Major resistance stands at 3410.
The Dow Jones Industrials have a Monthly Bearish at 12220 and the bullish is at 14280. Support during February lies at the 12900 level 13330. If we close ABOVE 13700, the Dow will still be in a strong position. A Directional Change and a Panic Cycle will be coming into play in February with another Directional Change in March. This is warning about CHOPPY markets ahead with back and forth action. We see high volatility in May.
We do not see a solid trend unfolding just yet. The markets appear to be confused and this is likely to be maintained until August and then we have the German elections in September. Merkel will not want to take any real important decisions ahead of the elections fearing that could be costly. She will opt for the status quo right now and not even blast France who will be the undermining of the Euro. With the French Marxist policies, they are drilling holes in the bottom of the ship while Germany is trying bail out the excess water. France will win – not Germany.
Anyone who ever thought the Euro could displace the dollar were on drugs. Without a single national debt, there was never anything to compete with the dollar since the risk of the euro was diverse spread throughout all members with great variance. Now France, is the undoing of the Euro dreams.
Refunding Certificate 1879 – Was a circulating bond. Due to an act of Congress in 1879 the Refunding Certificate was issued. The goal was to make government securities accessible to the public. The denomination was smallish at $10.00, putting the certificate within reach of most anyone. Refunding Certificates were to accrue interest at 4% per year indefinitely. In 1907 Congress passed a bill halting the interest on the refunding certificate. This 1907 act rendered them redeemable for $21.30, the amount of accrued interest + Principal from 1879 to 1907.
Today all bonds are simply cash that pays interest.
See Glossary on Money
I laughed when I heard they were going to let the Bush Tax Cuts expire. I SAW the 2% decrease in my pay. I now bring home @$200 less per month than I did in Decembere. So what does that mean to me … 1) I am getting rid of Sirius XM Radio (@$200/yr) 2) I already lowered my cable TV premium (@$49/month) 3) We will go out to eat 2-3 times less per month (@140/mo) . Those are the “easy” cuts. When they raise taxes again It won’t really “hurt” me because I will just get rid of more of my “fun spending” .
Don’t they realize that other people are going to reduce their spending as well? Start watching the subscriptions of cable companies, wireless phone providers, etc.. That will be a telltale sign of the impact of the 2% increase in taxes.
These clowns are going to drive the economy in to the ground. It’s already running on fumes. I guess they think that driving it over a cliff will make it much more enjoyable to watch. Unfortunately there won’t be a big explosiion when it hits the ground … just a bunch of dust.
I know of two companies owned by friends that are hanging by a thread. Any reduction in sales will spell the end of their companies. That’s only about 40 workers. Now multiply that by 100,000 other businesses surrendering to the economy and we’ll all be standing around looking at each other.
Eventually we will become “Great Britain” and repeat their history and become a second tier nation. In the meantime I am going to enjoy life to its fullest … with less cash in my pocket!
I love your work and I look forward to the March conference … I’ll be there!