The System works because you work!

The System works because you work!

DEATH BY GOVERNMENT: GENOCIDE AND MASS MURDER

DEATH BY GOVERNMENT: GENOCIDE AND MASS MURDER
All told, governments killed more than 262 million people in the 20th century outside of wars, according to University of Hawaii political science professor R.J. Rummel. Just to give perspective on this incredible murder by government, if all these bodies were laid head to toe, with the average height being 5', then they would circle the earth ten times. Also, this democide murdered 6 times more people than died in combat in all the foreign and internal wars of the century. Finally, given popular estimates of the dead in a major nuclear war, this total democide is as though such a war did occur, but with its dead spread over a century

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Thursday, April 28, 2011

Silver hits record near $50, first time since 1980

NEW YORK (Reuters) - Silver soared to an all-time high on Thursday and gold rose to another record, as a falling dollar and signs that the Federal Reserve would maintain a loose monetary policy boosted precious metals' appeal as a hedge against inflation and economic uncertainty.

Silver briefly climbed to within a whisker of $50 an ounce, eclipsing the peak hit when Texan brothers William Hebert and Nelson Bunker Hunt sought to corner the silver market three decades ago. The metal later pulled back on technical selling.

"Yesterday's speech from the Fed was an acknowledgment of the continuing of the strategy by the Fed and Washington ... to monetize our debt, and basically to devalue the dollar," said Robert Lutts, chief investment officer of Cabot Money Management, which oversees more than $500 million in client assets.

"The metal markets are recognizing that and it is being priced in. What monetization means is that, down the road, we will have more inflation," he said.

Spot silver, which has rocketed nearly 60 percent so far this year, rose 1.5 percent to $48.49 an ounce by 12:24 p.m. EDT (1624 GMT), having earlier hit a record $49.51 an ounce.

Adjusted for inflation, however, the current price of silver is still sharply below its record at well above $100 an ounce.

Spot gold rose to a lifetime high of $1,538.35 an ounce, breaking records for the ninth time in 10 sessions. It was later traded at $1,527.87 an ounce, up 0.1 percent.

(Additional reporting by Christopher Kelly in New York, Rebekah Curtis and Amanda Cooper in London and Lewa Pardomuanin Singapore; Editing by Lisa Shumaker)
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Please sign in to rate this comment down. 0 users disliked this commentHugh Akston 32 seconds ago Report Abuse This report should surprise no one. In fact, this will be cause for private celebration in the White Mosque as the news fits perfectly into Uhbammah's plan to grind America under the heel of his inborn, Marxist ideology.

The simple minded in the country will squirm and fret at the news (another in the continuing string of Uhbammah-generated crises) and turn ever more urgently to our little boy Savior for their salvation...exactly on cue. One can never give enough credit, it seems, to the imbeciles who elected this lightweight, cowering fool of a narcissist.

It is astonishing to see how far America has fallen since January 20, 2009. I used to think there would be something left to save after 2012. But the country's descent has been so rapid that "Thelma" Uhbammah may have already driven us off the cliff and we're halfway to the canyon floor and don't even know it yet. In fact, it seems that the country has bought the democrat reasoning that 'we're doing OK...give him time' solely because we have not hit bottom yet. Why anyone would listen to the any of the imbeciles who elected this Kenyan fraud is beyond any human understanding.

History will record that this country committed suicide by Barack Hoover Uhbammah, peace be upon him, abetted by the legions of imbeciles who elected this fraud.Reply.3 users liked this comment
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Please sign in to rate this comment down. 0 users disliked this commentMadMax 13 minutes ago Report Abuse When it all finally starts crashing down on us, and theres nothing but chaos on the streets, I say open season on any @#$% who voted for the pretender-in-thief....Reply.3 users liked this comment
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Please sign in to rate this comment down. 0 users disliked this commentJ 15 minutes ago Report Abuse Change you can believe in. Happy now.Reply.6 users liked this comment
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Please sign in to rate this comment down. 1 users disliked this commentBarstow 25 minutes ago Report Abuse So what if it was a photoshop birth certificate with layers? Everything else released, said or done by this "president" is a complete lie. Imagine what these POS democrats will do when inflation really takes off? Blame Bush?

F'n retarded constituency with a lowest common denominator leader.Reply.2 users liked this comment
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Please sign in to rate this comment down. 0 users disliked this commentTroy_In_Dallas 25 minutes ago Report Abuse So, maybe ObAhmadinejad is a blessing since we will elect a real conservative next year. Kinda makes ya wonder if that 'Julio' guy is still working at McDonalds now.Reply. 0 users liked this comment
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Please sign in to rate this comment down. 3 users disliked this commentA Yahoo! User 33 minutes ago Report Abuse Donald Trump. What a laugh. This guy has never done anything in his life that would benefit anyone but himself. Just more tool behavior!Replies (3) .2 users liked this comment
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Please sign in to rate this comment down. 13 users disliked this commentRichardW 33 minutes ago Report Abuse Official poll:

Thumbs up if the U.S.A is a better place than it was 28 months ago.

Thumbs down if the U.S.A is worse place than it was 28 months ago.
Comment hidden due to low rating. Show Comment
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Please sign in to rate this comment down. 1 users disliked this commentHighpockets 34 minutes ago Report Abuse This is what happens when people vote for an idiot with absolutely no brains. Crooked people are swept into office, and decent people are swept out. It would be nice to know how many illegal votes put this nit wit in. Our laws are no longer obeyed. Our voters are intimidated by Black Panthers, and what happens. Our acting president ignores it. Czar Obama murdered freedom.
Time to remove all liberals from office.Replies (1) .10 users liked this comment
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Please sign in to rate this comment down. 1 users disliked this commentGet 37 minutes ago Report Abuse All the stay-at-home Democrats calling the top on Silver today are the exact same ones who called the top on Gold back in 2006 when it was $600. Apparently their financial education hasn't improved while watching Oprah.

Gas up over 30% YTD.
College costs rising 9% - 15% yearly.
Food prices climbing over 30%.
Government debt climbing.
Inflation climbing.
Unemployment still bad.
Wages falling.

What to do? How to keep up?

Invest in falling US Dollar or other troubled fiat paper? – No
Invest in still falling real estate? – Not yet
Put the money in the bank at 1% interest? - No
Invest in 1% - 2% interest Bonds or CD's? – No
Invest in DOW up 8% YTD thanks to QE which ends in June? - No
Invest in Silver up 50% YTD – Yes, keeps up with real inflation

Has anything economically improved to get me off of Silver yet? No.Reply.4 users liked this comment

Please sign in to rate this comment down. 2 users disliked this commentRegularGuy 37 minutes ago Report Abuse . . . and we have little to no inflation. Thanks a lot BO! Oh, by the way, good job on the birth certificate. We know you've been busy and wanted to move on to more important issues of the day, like Oprah and DNC fundraising. And a little golf, too. Between the tea party folks, birthers, etc., I don't know how you can take care of this country's business and play more rounds of golf than Tiger Woods. But, we're still pulling for you! Keep up the good work.Reply..

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