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H.R. 198: Repeal of the Authorization for Use of Military Force (AUMF 2001)
MONARCHY (Rule by the Rich & Powerful - Bankers & Kings) -> REVOLUTION -> DEMOCRACY (Rule by the People) -> PNAC -> 9/11 -> AUMF -> PATRIOT ACT -> CITIZENS UNITED -> NDAA 2012 -> HR658 -> HR347 -> NDAA 2013 -> SANDY HO[?OK:AX]-> GUN CONTROL -> FASCISM (Rule by the Rich & Powerful - Bankers & Corporations)
To My Fellow Riders and All Freedom Fighters:
History repeats itself. And if you understand the timeline above, then you understand what the next step in the timeline must be, unless somehow the timeline can be reversed.
This is the most important bill before the U.S. Congress today:
H.R. 198: Repeal of the Authorization for Use of Military Force (AUMF)
http://www.govtrack.us/congress/bills/113/hr198
The text of H.R.198 is short and self-explanatory:
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SECTION 1. SHORT TITLE.
This Act may be cited as the 'Repeal of the Authorization for Use of Military Force'.
SEC. 2. CONGRESSIONAL FINDING.
Congress finds that the Authorization for Use of Military Force (Public Law 107-40; 50 U.S.C. 1541 note), signed into law on September 18, 2001, has been used to justify a broad and open-ended authorization for the use of military force and such an interpretation is inconsistent with the authority of Congress to declare war and make all laws for executing powers vested by the Constitution in the Government of the United States.
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| Monday, 4 March a.d. 2013 | Browse the commentary archive |
I am so thankful that we own the best congress money can buy. Well, somebody owns it. But one alert Congress-thing, Maxine Waters of California, alerted the entire country with a devastating result of sequestration. She warned that 170 MILLION jobs could be lost to sequestration.
This is terrifying, especially when you learn that only 134 million people are working in the US. Sequester will be so catastrophic that they will have to hire 40 million people and then FIRE them to meet her projected job loss.
I couldn't make this stuff up if I tried.
By the way, have y'all been having trouble understanding what sequestration is? Bernard Obama is threatening to lay of millions & maybe even open the prisons (I made that up. He hasn't said that yet, but give him 48 hours), but what's it really all about?
Reducing federal government spending by an across the board 2% (two percent). It doesn't actually reduce government spending. After adjusting for inflation and exempting defense & other spending, the CBO estimates that even with sequestration, spending will increase by $110 billion over the next 10 years that sequestration will supposedly cut $850 billion.
Meanwhile, Ben the Beneficent is PRINTING $85 billion a month, while these folks are arguing & threatening to shut down the Yankee government over cutting $85 billion A YEAR.
Y'all, we beat the Italians to it. We have nothing but comedians in office already.
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Bullish Gold Supply
It’s hard to believe that gold’s bull market is nearly a dozen years old. And boy has it been a delight watching it mature from its 2001 infancy. It’s also been fun observing the ever-changing dynamics of gold’s structural fundamentals, particularly how the supply side of this metal’s delicate economic balance has responded to fast-growing demand.
Until recently gold had three sources of supply, mining, recycling, and central-bank sales. However as a result of the world’s governments collectively realizing the folly of their ways, CB sales have recently dried up. And provocatively not only have the CBs stopped selling their gold, they’ve flip-flopped to become major net buyers of the metal.
In the World Gold Council’s latest Gold Demand Trends publication, which is compiled by Thomson Reuters GFMS, it was reported that central banks purchased a whopping 535 metric tons of gold in 2012. Incredibly this level of CB accumulation hadn’t been seen in nearly 50 years. Supporting this was the fact that Central Bank Gold Agreement (CBGA) selling was virtually nil last year (with the exception of 5.5mt sold by Germany, specifically for coin minting).
For nearly two decades up to 2007, CB selling steadily and consistently accounted for up to 20% of gold’s supply. Now rather than being a major supply source, central banks are large consumers that gobble up a significant amount of gold. In 2012 CBs accounted for around 12% of total global gold demand.
Given this CB shift over the last few years, even more pressure is placed on the other supply sources to meet demand. And recycling has certainly been carrying its weight. For quite some time recycling consistently accounted for about a quarter of global gold supply. But since 2008 it is way up, now accounting for close to 40% of total supply.
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Axiom 4: A Blueprint To Restore The Articles of Confederation
This is the fourth of the "12 Axioms of Freedom Restoration" set forth in my introductory article on this topic, "How to Restore the West."
The restoration of America's first and legitimate government will not be a quick or easy task but it is necessary if we are to survive as a free people and nation. While the US should, of course, retain both the Constitution and Bill of Rights, we must return to a decentralized confederation structure of government like Switzerland or Canada and add in the right of Swiss style referendums so citizens can terminate or initiate legislation when Congress fails to follow the will of the people.
While there have been many thoughtful and needed proposals about how we need to end the Fed, return to a gold backed currency, require term limits, repeal the 16th and 17th amendments to the Constitution, require a declaration of war for military action or a balanced budget and other changes, none of these will restore limited government or our republic. I agree with these ideals and many more but all will be ineffective if we retain the federal government structure in place now.
How could any American believe a law, congressional act or even an amendment to the Constitution could in any way control or limit the powerful interests running our government today? The Bill of Rights sounds great, the balanced budget amendment or national debt limit are compelling but all are meaningless gestures to a gullible public who really want to believe in America and our government.
Many Nazi concentration camps had the slogan, "Arbeit macht frei" (work will make you free), over the entrance but the statement was simply untrue. People were in the camps because they were considered a threat to the regime whether true or not and the work was inconsequential to their incarceration. It is the same for any law or resolution garbage that comes out of our present Congress. Their proclamations might sound good and make you feel better but ultimately, everything they put out for public consumption is meaningless at best, only designed to further their agendas that never have your best interests in mind.
Restoring the Articles of Confederation Must Begin at the State Level
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Feb 19, 2013
- Staring all day long at the supposed “super top” head and shoulders pattern in place on the HUI index is a good way to create fear, but I doubt it will create any lasting wealth. It certainly won’t build any gold mines.
- Markets are ruled by fundamentals, not charts. The largest institutional liquidity flows occur when key fundamental reports are released.
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Weekly Market Update Excerpt
February 15, 2013
Morris Hubbartt
US Dollar Technical Breakdown Chart
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RACE TO DEBASE
The ‘race to debase’ is on and the majority of nations are now involved in competitive currency devaluations. For instance, in addition to America, Euro zone and Switzerland, even Japan has now affirmed that it wants to weaken its currency. Furthermore, almost every country in the developing world is also expanding its monetary stock. Consequently, the world is being flooded with currency units and unless the monetary system changes, it is likely that this policy will continue.
Simple economics states that if you increase the supply of any item, its value diminishes. Thus, it should come as no surprise, that the increasing quantity of money is reducing its purchasing power.
It is notable that over the past decade, money lost considerable value against commodities, whereas it more or less maintained its value against stocks. However, we suspect that over the following years, money will lose tremendous value against stocks and it may hold its own against commodities.
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Gold’s Young Upleg
Gold has suffered a tough slog lately, unable to advance despite central banks aggressively inflating their money supplies all over the world. Seeing gold stuck in the mire despite very bullish fundamentals has certainly exacted a psychological toll on traders. They are irritated and discouraged after watching the yellow metal inexplicably languish for months. But technically gold still remains in a young upleg.
The mortal enemy of successful speculation and investment is emotion. Greed seduces traders into buying high, while fear frightens them into selling low. This of course is the exact opposite of the buying low and selling high necessary to multiply your wealth in the markets. After decades of trading, I believe the greatest antidote to succumbing to popular greed and fear is perspective. Context is everything.
As humans, we all have the natural tendency to extrapolate the present out into the indefinite future. When life is going great we feel nothing will ever go wrong again, and when life is vexing we feel things will never go right again. I call this the “tyranny of the present”. It spills into our perceptions of the markets in an all-encompassing way. Traders naturally assume today’s conditions will persist forever.
When a price drifts listlessly like gold’s has recently, traders’ bearishness grows with each passing day. Eventually they throw up their hands in disgust and capitulate, figuring the bullish case must have been wrong. The recent poor price action dominates their minds, that’s all they can think about. But zooming out to get more perspective frames gold’s slog quite differently, as a consolidation within a young upleg.
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- A number of Western central bankers are issuing strong statements now, highlighting their concerns about actions just taken by the Bank of Japan (BOJ).
- The BOJ doubled their inflation target, to 2%, and announced they would begin open-ended QE in 2014. Of even greater importance, they announced the bank would begin a new era of coordinating policy with the Japanese government.
- Jens Weidmann, head of the German central bank, sounds particularly vocal, in condemning that cooperation. He believes the BOJ is risking a global fiat currency war, which is great news for gold investors!
- Some fund managers expressed disappointment that the BOJ didn’t announce an immediate expansion of QE.
- I don’t see that as an issue, because BOJ chief Masaaki Shirakawa’s term ends in April. There are strong rumours that Japan’s prime minister, Shinzo Abe, wants to replace Shirakawa with a “super-dove”.
- If a super-dove assumes command of the BOJ in April, he may announce an earlier state date to “QE to infinity”. I expect he will announce stunning yen-negative and gold-positive monetary policy, soon after his appointment is finalized.