Thursday November 12th

Barrick shuts hedge book as world gold supply runs out

Aaron Regent, president of the Canadian gold giant, said that global output has been falling by roughly 1m ounces a year since the start of the decade. Total mine supply has dropped by 10pc as ore quality erodes, implying that the roaring bull market of the last eight years may have further to run. “There is a strong case to be made that we are already at ‘peak gold’,” he told The Daily Telegraph at the RBC’s annual gold conference in London. “Production peaked around 2000 and it has been in decline ever since, and we forecast that decline to continue. It is increasingly difficult to find ore,” he said. Ore grades have fallen from around 12 grams per tonne in 1950 to nearer 3 grams in the US, Canada, and Australia. South Africa’s output has halved since peaking in 1970. [Government spending is through the roof, gold prices are soaring, the dollar is crashing and burning and inflation is just around the corner…ed]

Debt is Destroying the Dollar

One of the many television commercials exhorting viewers to buy gold says solemnly that it is an asset whose value “has never dropped to zero,” a boast that surely sets a record for minimalism. Still, the world’s appetite for gold as an investment option is intensifying. Last month, India purchased 200 tons of gold at $1,045 an ounce, before the price topped $1,108 on Monday. China, too, may increasingly diversify from paper — i.e., bonds — into gold, the price of which, some experienced investors believe, could soar to $2,500 an ounce in three to five years. One reason for all this is U.S. behavior. (SNIP) America, says Lindsey, will not become Weimar Germany, where hyperinflation caused people to rush to stores with satchels of rapidly depreciating currency. But, he adds, no country has successfully behaved the way the United States is behaving. [Understand that what has been done to this country by the current administration is by deliberate design. That said, we the American people shall overcome…ed]

Federal Deficit Hits October Record of $176 Billion

The U.S. budget deficit for October surged to $176 billion, a record for the month, the Treasury Department announced today. During the month, the government racked up $311 billion in outlays compared with $135 billion in receipts. The October numbers mark the first month for the new fiscal year after the U.S. wrapped up the 2009 fiscal year that ended on September 30 with a record-high $1.4 trillion budget deficit due to increased government spending to stop the recession and the financial crisis. The final deficit for the 2009 fiscal year was equal to 10 percent of the nation’s GDP, the highest shortfall relative to GDP since 1945, the final year of World War II. [Hey you hope and change idiots. Look what you have done to our country you morons…ed]

Perry: Obama ‘hell-bent’ on socialism

Texas GOP Gov. Rick Perry accused President Barack Obama on Wednesday of “punishing” Texas and being “hell-bent” on turning the United States into a socialist country. Speaking at a luncheon for a Midland County Republican Women’s group, Perry said that “this is an administration hell-bent toward taking American towards a socialist country. And we all don’t need to be afraid to say that because that’s what it is.” Perry praised the tea party movement to the Republican activists in attendance, crediting the grassroots groups with discouraging some Democrats in Washington from pushing for a public option in the health care bill. [Perry looks to be headed to another term in the Texas governor’s mansion…ed]

The Man Who Despises America

The very next paragraph is going to make the nut jobs on the far left excitable beyond belief. I am not referring to all Democrats or even a majority of liberals. I am singling out the “they’ve-lost-all-touch-with-reality” crowd. This includes Media Matters for America led by the admitted hit-and-run, drunk-driving serial liar. The group includes the unshaven, bathrobe-clad unemployed who live in their mother’s basement and are devout followers of MoveOn.Org. It is also the bitter, aging spinster working at the New York Times, the morbidly obese documentary film maker, and cable TV news’ resident drama queen who hosts MSNBC’s Countdown. They are about to simultaneously suffer from brain aneurisms. So without further delay, I’ll say it. Barack Obama despises America. [Indeed this guy does hate the American way of life as we know it…ed]

Pumped-up prices: $4 per gallon gasoline may be coming in 2010

Has this been a trying decade for the average American, or what? It’s bad enough that we’ve have had to cope with stagnant wages and tax increases at just about every level. But in the months ahead, we may have to deal with yet another nightmare: surging gasoline prices. Factors are lining up that could end up pushing gas prices back over $4 per gallon sometime next year. If you’re already exasperated about prices at the pump, you’re not the only one. Gasoline demand in 2009 has been comparatively low — take 7.6 million Americans out of the workforce through layoffs — yet gasoline’s price has gone up, not down. [More good news concerning the Obama administration’s brilliant economic recovery plan…ed]

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Climate change ‘sceptic’ Ian Plimer argues CO2 is not causing global warming

Professor Ian Plimer, a geologist from Adelaide University, argues that a recent rise in temperature around the world is caused by solar cycles and other “extra terrestrial” forces. He said carbon dioxide in the atmosphere, widely blamed for global warming, is a natural phenomenon caused by volcanoes erupting. Professor Ian Plimer, a geologist from Adelaide University, argues that a recent rise in temperature around the world is caused by solar cycles and other “extra terrestrial” forces. He said carbon dioxide in the atmosphere, widely blamed for global warming, is a natural phenomenon caused by volcanoes erupting. [This guy will no doubt get axed from Al Gore’s Christmas card list eh?…ed]

Recanvassing shows NY-23 race tightens even as Rep. Bill Owens is sworn into House seat

Conservative Doug Hoffman conceded the race in the 23rd Congressional District last week after receiving two pieces of grim news for his campaign: He was down 5,335 votes with 93 percent of the vote counted on election night, and he had barely won his stronghold in Oswego County. As it turns out, neither was true. But Hoffman’s concession — based on snafus in Oswego County and elsewhere that left his vote undercounted — set off a chain of events that echoed all the way to Washington, D.C., and helped secure passage of a historic health care reform bill. Democratic Rep. Bill Owens was quickly sworn into office on Friday, a day before the rare weekend vote in the House of Representatives. His support sealed his party’s narrow victory on the health care legislation. [Pelosi passed her government takeover of our healthcare system by two freakin’ votes one of which was this guy’s. Then it turns out he may not have actually won the seat? NEVER concede until Roseanne Barr sings!…ed]

Obama to weed out Bush political appointees who careered in; Establishes new political test for career jobs

John Berry, President Obama’s director of the U.S. Office of Personnel Management (OPM), has issued a new directive that is clearly designed to weed out any Bush administration political appointees who “careered-into” the civil service. The directive also effectively establishes a partisan political factor in hiring for career civil service positions in the federal bureaucracy. Berry’s agency oversees the federal government’s 1.9 million career civil servants. The OPM was created during the Carter administration to replace the old Civil Service Commission, which was once headed by Teddy Roosevelt in his pre-White House days. The career service was intended to end the spoils system in which federal jobs were used by presidents to reward supporters. [Yeah, but when Bush canned a bunch of leftist federal prosecutors all hell broke out and the Democrats went nuts…ed]

Church bells to ring out warning on climate change

The World Council of Churches on Thursday called on churches around the world to ring their bells 350 times during the Copenhagen climate change summit on December 13 as a call to action on global warming. The leading council of Christian and Orthodox churches also invited places of worship for other faiths to join a symbolic “chain of chimes and prayers” stretching around the world from the international date line in the South Pacific. “On that Sunday, midway through the UN summit, the WCC invites churches around the world to use their bells, drums, gongs or whatever their tradition offers to call people to prayer and action in the face of climate change,” the council said in a statement. [More stupid conniving nonsense designed to guilt trip folks into believing all this climate change bullshit…ed]

The Myth of the Moderate Democrat

Don’t assume that the 38 Democrats who voted against Nancy Pelosi’s extremist version of health care reform wouldn’t have supported it if their votes had been needed. The days before the final passage on Saturday were not filled with stirring appeals to get Democrats to back the bill so much as an auction to decide whom to let off the hook. Knowing that the bill will likely be political suicide for any red state Democratic congressman, particularly if he is a freshman, the House leadership had to negotiate with its members to assure that the 38 defectors were the ones who needed political cover the most. That there would be 38 Democrats who would oppose the bill was preordained. Who they would be was the subject of negotiations right up to the wire. [The real story behind the passage of Pelosi/ObamaCare…ed]

ACORN sues over funding cut

A non-profit organization filed a lawsuit against the federal government Thursday morning, seeking to overturn a law stopping the flow of federal funds to ACORN. The suit, filed in federal court in New York, claims that bills passed by the House and Senate to defund the group qualify as bills of attainder, legislation that unfairly targets one group. Such bills are unconstitutional. The suit will seek to restore funding and roll-back the ban, which was passed as part of the legislative branch appropriations bill in September. [This is akin to the jerk you shot AFTER he broke into your house and threatened you with a weapon, suing you. I take it ACORN has already done their “judge shopping” and feels pretty confident of a positive outcome…ed]

Thank you former President George W. Bush and former First Lady Laura Bush

We know absolutely no one in Bush family circles and have never met former President George W. Bush or his wife Laura. If you have been reading us for any length of time, you know that we used to make fun of “Dubya” nearly every day…parroting the same comedic bits we heard in our Democrat circles, where Bush is still, to this day, lampooned as a chimp, a bumbling idiot, and a poor, clumsy public speaker. Oh, how we RAILED against Bush in 2000…and how we RAILED against the surge in support Bush received post-9/11 when he went to Ground Zero and stood there with his bullhorn in the ruins on that hideous day. [The Hillbuzz crew finally wakes up and smells the coffee. Bush/Cheney good, Obama bad…ed]

Naval Academy Changed Color Guard to Appear More Diverse at World Series

Naval Academy leaders are under fire after altering the composition of the military color guard at a World Series game last month so the group wouldn’t be made up only of white men. The Navy Times and other media reported that two white midshipmen were removed from the performance in New York City and replaced with a Pakistani-American man and a white woman so the group would appear more diverse. Capt. Matthew Klunder, commandant of midshipmen, disputed that version of events. He said he considered replacing two members but decided to add two extra people instead, expanding the group from six to eight members. [We really don’t need any more of this political correctness BS to continue infecting our military ranks especially after 13 people in Texas just lost their lives because of this insane idiocy…ed]

Major Hasan: Soldier of Allah; Many Ties to Jihad Web Sites

United States Army Major Nidal Hasan proclaimed himself a “soldier of Allah” on private business cards he obtained over the Internet and kept in a box at his apartment near Fort Hood, Texas. Hasan, the alleged perpetrator of last week’s fatal shootings in Fort Hood, TX, was charged Thursday with 13 counts of premeditated murder under Article 118 of the Uniform Code of Military Justice, which can carry a sentence up to death or life imprisonment. [More information on this murderous muslim terrorist is revealed..ed]

Why can’t Jill Biden take Mrs. Utopia shopping sometime?

Jill Biden might be married to an ice cream snarfing, ridiculous man-child, but the woman, in her rare public appearances as Second Lady, is second to none in her attire. She is always appropriately dressed, never wears Halloween costumes other than October 31st, and, to our knowledge, doesn’t actively try to make herself look enciente with bastions of bulbous belts. For the record, she also doesn’t pal around with grown-ass women who think they’re Dorothy from the Wizard of Oz…whose bright red shoes seem inappropriate for an appearance at Arlington National Cemetery. Honestly, we’ve said this before but will say it again, one of the biggest breaks Mrs. Utopia caught in 2008 is when Mr. Blackwell died. That man could have filled one of his Worst Ever lists with things the current First Lady has worn this week, alone. Not even in the heart of the Klingon Empire itself would today’s getup be appropriate.
[First ‘lady’ dresses up like a three year old who picked her own outfit for the first time then makes an appearance at Arlington National Cemetery for a Veteran’s Day ceremony…ed]

Obama To Give Interview To Fox News

President Obama will give an interview to Fox News’ Major Garrett, Fox News confirmed to the Huffington Post. Drudge reported Wednesday that the interview will take place during the president’s trip to China next week. This news comes just one day after it was reported that Obama Communications Director Anita Dunn — the so-called general in the administration’s war against Fox News — will be stepping down. The Obama administration’s battle against Fox News has been two-pronged: members of the administration have characterized Fox News as not a legitimate news network while also regularly denying the network interviews with key figures. [President Pantywaist caves on his declaration to boycott Fox NEWS…ed]

Muggers Return Wallet After Seeing Army ID

A Milwaukee Army reservist’s military identification earned him some street cred Tuesday, when he says four men who mugged him at gunpoint returned his belongings and thanked him for his service after finding the ID. The 21-year-old University of Wisconsin-Milwaukee student said he was walking home from work about 1:15 a.m. Tuesday when he was pulled into an alley and told to lay face down and with a gun to his neck. Four men took his wallet, $16, keys, his cell phone and even a PowerBar wrapper from his pants pockets, he said. But the hostile tone quickly changed when one of the robbers, whom the reservist presumed was the leader, saw an Army ID in the wallet. The robber told the others to return the items and they put most of his belongings on the ground next to him, including the wrapper, the reservist said. [The freakin’ crooks have more respect for the military than the current CIC…ed]

Lou Dobbs to Quit CNN

Lou Dobbs, the longtime CNN anchor whose anti-immigration views have made him a TV lightning rod, said Wednesday that he is leaving the cable news channel effective immediately. Sitting before an image of an American flag on his studio set, he said “some leaders in media, politics and business have been urging me to go beyond the role here at CNN and to engage in constructive problem solving as well as to contribute positively to the great understanding of the issues of our day.” “I’m considering a number of options and directions,” Mr. Dobbs added. [Hey New York Times, Dobbs had a real beef against ILLEGAL IMMIGRATION but then again you knew that when you deliberately mischaracterized the man. See ya at Fox NEWS soon Lou…ed]

Quote of the day.

You ever watch that TV series ‘Mad Men?’ If I keep watching this program, will I ever find a happy person? Great television. Good drama. But a lot of really painful reminders in that show about how black people were supposed to run the elevators… were supposed to ask permission before they get on an elevator. The way women were treated is appalling, and only occasionally funny to me.

-Bill Clinton…Really, he said he was appalled at how women were “treated” in a TV show.

This entry was posted in J.A.R.G\'s \"Gotta Read\" News Of The Day.

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