Cluless Congress hears from constituents

Watch some amazing recordings of the building Revolution:

http://www.youtube.com/watch?v=a8UjY3YDlwA

Clueless Liberals hear from constituents who are better informed than they are on global "warming," Cap and Tax and Socialized Medicine.

Democrats lie about health care.

I have already posted the lie of Obama (contradicted by his own words as well as others of his party) that we will be allowed to keep our current health insurance if the socialized medicine plan becomes law.

Well, here is another lie by Nancy Pelosi that she suggested the blue dog Dems take home to hoodwink their constituents:

"You have a cap on your costs,
"but not on your benefits."

Only the most credulous, ignorant cretin can imagine that Pelosi is telling the truth. In fact, we already hear from Britain (where socialized medicine is going broke) that health care is rationed so that people with serious illnesses are made to wait and in some institutions patients writhe in pain because they do not have enough tranquilizers.

Where is gold going?

We all know it will go up, it is just the question of when. The reverse head and shoulder formation forecasts the next rally to take gold to $1,300 (because of the size of the head in the formation), but it could do that right away, this fall, or next year. In fact, Sean Broderick forecasts gold to fall near term maybe to as low as $800/oz. So, I decided to look at the technicals myself. The figure shown is GLD, an exchange-traded fund of pure gold that tracks the market. Note the reverse head and shoulder - this implies a near term rise. But, we have seen an upside move from a head and shoulders for the S&P 500 (and that formation implied a drop, which was negated by the bounce from the 200 day moving average. Could something like that happen with gold so the upside move is negated? It could.) So, what else can we deduce from the graph? Apart from the head and shoulders there is the MACD. This is a sort of momentum indicator. Usually, while the MACD is positive, negative indicators are often disregarded. There is one more thing we can learn from the MACD. The near-term indicator in the lower half (blk in color) tends to separate from the red indicator for about two months. Then, whatever move is established by the black line is maintained for about two months. This is a weak reasoning I admit and Broderick could turn out to be right. But, I think that GLD has a month to go before it will further correct.

Obama and Dems want socialized medicine.

Obama's statement that we can keep our insurance (once the govt program is in place) is a lie. Listen to his own words:

http://www.breitbart.tv/uncovered-video-obama-explains-how-his-health-care-plan-will-eliminate-private-insurance/

And the scoop on gold.

I had reported to you the predictions from the Cycle people. According to them, the Stock Market will hit top in 2010 (around April) and crash later like it did in the 20's. Gold will rally by then and hit a top (maybe 1300) in July. The ultimate top gold is predicted for 2011. Details will follow. Let's look at graphs so we can see some data. The first graph is the head and shoulders pattern in the S&P500. The red line is the 200 day moving acreage, while the black line is the 50 day moving average. You see the head and shoulders? (three bumps). It would forecast a drop. The drop did occur, but the graph bounced off the 200 day moving average, negating the formation. Stocks have been advancing ever since.

Now look at the weekly average of gold. It has a reverse head and shoulders which forecasts a rise in gold prices. This predicts a rise in gold prices. But! The reverse of what happened with stocks could occur (gold bouncing down from the 200 day moving average) and the formation will be aborted. The most likely scenario is gold moving to 1,300 soon then move beyond 2,300 by next year.

Silver is said to be slower than gold. Note, though that silver stocks are dropping while demand for silver coin is increasing.

Let's look at the dollar next. The value of the dollar is dropping and that alone will push gold and silver prices higher.

Here are actual gold prices of a gold exchange traded fund. Note that the 50 day and 200 day moving averages are getting further apart. This indicates a long-term continuing rise in gold prices.

Will gold prices bounce off the $1,000/oz resistance again? We will see in the coming weeks.

How the Media demonized G. W. Bush.

Reporting the facts is too important of a job to be left to Reporters and other Liberals. The book of R. Emmett Tyrrell Jr. describes how the Liberal Media demonized "W" with lies.

"Hurricane Katrina became the first hurricane ever to be attributed to a sitting president, namely George W. Bush ... Up there in the Kultursmog the media were very indignant: Ten thousand people perished, possibly 10 million. CNN reported small-arms fire aimed at rescue helicopters. CNN's Miss Paul Zahn mentioned 'bands of rapists going block to block.' On the authoritative 'Oprah Winfrey Show,' New Orleans Police Chief Eddie Compass reported that in the Superdome 'little babies are getting raped' ... Sen. Mary Landrieu notified a national television audience that 'we have gotten reports, but unconfirmed, of some of our deputies and sheriffs that have been either injured or killed' and she expressed her strong and inextinguishable yearning to 'punch' the president. On 'Larry King Live,' Mr. Dan Rather summed up the media's historic moment: '[The media] took us there to the hurricane. They put the facts in front of us, and very important, they sucked up their guts and talked truth to power.' Alas, by the end of September all of the reports [cited] were found to be false."

It became an iconic phrase among Liberals that Bush bungled the hurricane. In the kultursmog, mentally challenged Liberals in the Media forgot to point out that the primary responsibility for preparing New Orleans for the Hurricane fell to Mayor Nagin and the Governor of Louisiana, both Democrats. But, the citizens of Louisiana remembered and elected a Republican for Governor. So, when another hurricane hit New Orleans, people were evacuated, the levees held and Media lies were kept at a minimum. The Media were disappointed.

How the FED manipulates the economy.

The manipulation of our economy that led to the election of the Usurper Obama began with the manipulation of the oil price. The graph shows that jacking up the oil price reduced the DOW:

The economy was literarily crashed when the FED changed the accounting system the banks had to use to the so-called "mark to market: system. This allowed the FED to virtually stop money circulation:

and tie up the money in increasing bank reserve requirements. Predictably, the economy went into the tank. Note that GDP growth did not cross into negative terrirory untill AFTER the FED action. The FED continues to manipulate.

Note also that the amount of reserves the banks now have has become very large. How come? Because the FED pays the banks interest (a guaranteed profit without risk). By manipulating the size of this reserve (by increasing or decreasing what it pays to the banks), the FED can keep inflation low as well as manipulate gold prices and keep the economy limping along. Presumably, the FED will push the banks to make loans coming next year in order to spike a sudden increase in employment.

Who gave the FED this authority? No one.

The economy was manipulated because VxM = QxP, where V is the velocity of money, M is the money supply, Q is the GDP and P is prices. By drastically reducing V, the FED crashed Q. Now the FED is manipulating M (by locking it up in bnk reserves in order to keep P from increasing. Keeping a trillion dollars in reserves costs money, but the FED does not care. As long as Obama is in there and the Media is in their pockets, they can keep the scam going. In the long run this will ruin the dollar, but by then the Conspirators hope to convert us into a Marxist-led country.