1-11-10: by Howard S. Katz

My journey into economics began in 1956 when I was a sophomore at Harvard. A classmate was arguing with me that the Federal Government did not have to balance the budget. He was sure of this because his professor had told him so.

 My thinking was different. “If the Harvard Department of economics did not believe that we had to balance the budget, then they must be a bunch of idiots. I have nothing to learn from such people. I will learn my economics when I’m out of here Good bye John Harvard.”

Fourteen years later, in 1970, I knew that the price of gold, then $35, had to go up. After all, pretty much every good in the economic universe had tripled in price between 1935 and 1970. By that time, I had learned about Adam Smith and the law of supply and demand. The decision by the U.S. Government to suppress the price of gold and keep it at $35 (along with its allies in the London Gold Pool) was the height of foolishness. Prices are determined by supply and demand. An important factor in the demand for all goods is the supply of money. And the supply of money had been increasing dramatically over the past 35 years. To anyone who understood the political situation at that time (and knew that the printing of money was going to continue, the conclusion was simple. All prices, most especially the price of gold (which had lagged most other goods), had to go up.

The conclusion was simple, but few others understood it. Henry Reuss, at that time the chairman of the House Banking Committee, announced that the price of gold would fall to something on the order of $6 or $8 per ounce. Actually, gold briefly dipped a few cents below $35 in 1970, and then it was off to the races.

The puzzling thing was that, as gold climbed above $800/oz. (in early 1980), the entire official economic community refused to admit that it had happened. It was one thing to fail to predict the rise in gold in advance. That merely shows one to be an incompetent economist. But these people failed to comprehend (or admit) the rise in gold AFTER IT HAD HAPPENED. This was no longer just a matter of being stupid. It was a matter of being so incredibly stupid that there is no word in the English language (or any other language) to describe it.

 Gradually I realized what had happened. Everybody in economics who had some kind of a title was a blithering idiot. None of them had any knowledge at all. Harvard had defrauded me when it told me that its professors were economists, and this same fraud was being perpetrated over the entire world on a much larger scale.

Gradually I was able to piece together what had happened. When FDR took office in 1933, he rammed a bill through Congress (in one day) taking the country off the gold standard and giving the commercial bankers the privilege to create money. They still have that privilege today.

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I lifted this off of www.kitco.com. James Turk is the gentlemen’s gentlemen of the gold community, respected by all. Kitco is one of the largest gold sites on the web.

We’ve had discussions about inflation vs deflation, and everything in between. Mr. Turk is brilliant and has availed himself of several excellent quotes–please pay special attention to the final two paragraphs of this piece.

by James Turk

Copyright © 2009 by James Turk. All rights reserved.

Socialism has come to mean many different things to many people, but regardless how it is defined, in the months immediately ahead it will be put to a rigorous test. The test will be visible to everyone as countries around the globe run out of money and confront overwhelming debts that cannot be repaid as well as other wide-ranging financial promises that can no longer be met. In short, the ideological bankruptcy of socialism will be laid bare by government insolvency.

It had to come sooner or later. The reasons are not hard to understand.

The ideological bankruptcy is neatly captured by British author and advocate for individual rights, Cecil Palmer: “Socialism is workable only in heaven where it isn’t needed, and in hell where they’ve got it”. And government insolvency is explained by famed economist Frederic Bastiat, who made this levelheaded observation nearly 150 years ago about the nascent modern socialism then emerging. “The State is that great fiction by which everyone tries to live at the expense of everyone else.” More recently, Margaret Thatcher, being a sensible politician, put it pragmatically: “The problem with socialism is that you eventually run out of other people’s money.”

Take Greece for example. This past week yields on its 10-year bonds surged in the wake of downgrades by the bond rating agencies, which finally recognized that Greece does not have the financial resources needed to repay its debts, which now stand near junk levels. Not far behind are Latvia, Spain, Ireland, the United Kingdom and almost every other country in Europe, even though they may still flog paper rated as “investment grade.” The reality is that the rating agencies just have not yet come to grips with the breadth and depth of widespread government insolvency, or have willingly turned a blind-eye to it. And don’t forget Iceland which of course has already collapsed.

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© D. Stewart Armstrong

America, America, God shed his grace on thee

(Verse )

From the time of Washington we’ve been a nation
Of men and women who were proud and strong,
And though we’re many different kinds of people
We’ve built a country where we all belong.

And the one great thing that we all have in common
Is the freedom to be who we want to be,
Build a better life for ourselves and our children
the right to create our own destiny.

United we will stand
Together hand in hand in hand,
From every part of this land we’ll work
To save the American dream…

United we will be
from sea to shining sea,
One voice for truth and honesty
The time to speak out is here

Refrain

America America, we’ve never loved you more

(Bridge)

America the future is waiting
Do we have the will to make it right
Fulfilling all the hope and promise
That has been our guiding light

Chorus

America, America God shed his grace on thee

Warm Holiday Greetings and Wishing all of you the very best of 2010. Health, Happiness, Prosperity Property, Water, Food, and Knowledge.

 D. Stewart Armstrong

Unite to Save America — USA!

The Time has come Today! Chambers Brothers circa 1968

Mission Statement of United We Will Stand

Our goal is to galvanize Americans into a political entity with clout! We are a combination of a Tea party and a Lobbyist all rolled into one. We want to become a political force with huge numbers of Americans from all stratas in order to accomplish three things: Change the Laws regarding foreclosures, help people understand what the banks and the multi-national corporations are doing,   and why they are doing it; and to help people learn how to invest in gold and silver in order to preserve what is left of their life savings.  We also want to help you understand and act upon the idea that food and water will become the next immediate threat to your existence. It is imperative that you be prepared.

For a later discussion Congress is trying to pass  The Clean Water Restoration Act. Sounds good, doesn’t it. It’s akin to the Patriot Act. Do you ever notice that the titles of these Acts and this legislation is exactly opposite of what the content proposes? The Patriot Act is about taking away your rights and tossing us into the clink if we disagree and the Clean Water Act is about the Government controlling all the water in the US–from your own personal well, to the rivers, to the aquifers, to the marshes and Swamplands. HRS787 is where you find it on the Congressional calendar. But you’ve got it, you’ll be taxed for your water–even if its your own and on your own property.

We are charging $30.00 as an introductory membership. If you simply follow a few of our suggestions and the suggestions of those writers contributing to this site, you should recoup that $30.00 many times over www.unitedwewillstand.org is our website and it will be a basic non-profit. But people will need to be paid in order to bring this ambitious undertaking to life. If you don’t have the money, we’ll find someone to sponsor you.The way we begin to turn the tide is to join together. If we do not, then the America that we worked so diligently to preserve and all those lives lost in the sacrifice for real Freedom according to the Constitution, will have been in vain. Join with us and United We Will Stand.

Introduction: The Three Pillars of the Slippery Slope or the Road to Salvation? These will be our fundamental Issues

The Three Legged Stool

Foreclosures ( Keeping Your Home)

Money (Gold and Silver, Stocks and Physical)

Food ( Learn the basics of Survival)

I won’t be able to cover everything in this article so we are going to spread them out. Why Housing and foreclosures at the top of the list? Because American homes should be sacred. There was a plan hatched by the banks and Mortgage Companies five to eight years ago to offer Option Arms and Neg Am (Negative Amortization) to Americans. Americans bit hook line and sinker–often times because they were greedy, often times because of medical issues and other issues. Property Values were promoted as going skyward so you were taught to think of your house as an ATM machine. Stupid? Absolutely, but it worked. However, those mortgages were bundled together and sold to Wall Street as Mortgage Backed Securities and this is where the problem begins. You were not told your loan was being sold or to whom. There was to be a certain “chain of title to be followed”. It was not. In the meantime, Wall Street insures your home up to 30 times the cost of the mortgage meaning a $300,000 mortgage returns $9,000,000 to the banks in certain instances.

Now if you think that the gold community was crooked, you ain’t seen nothing yet. We’ll be focusing on these issues and to try and point you in directions and processes that might help you save your home. Meanwhile, back at the ranch, 50% of homes in some states are underwater and the real estate prices are falling meaning even more people will be at risk. More on this later from people much more versed in it than I. But I will tell you that housing is the backbone of America and when we lose that sector, and tent cities are springing up like they are in Los Angles, then we’re in trouble!

The Point of the article and of many articles to come will be that we must become united as Americans and begin to create our own reality as an American People. Not South American People or Canadian or Europeans but Americans.

The politicians, banksters, Lobbyists will use the other groups against us. Politicians and Bankers and MERS (MERS is a totally illegal operation created by the banks. It  stands for Mortgage Electronic Registration System) will try to divide and conquer. We are not going to let them.

Transparency: The Money Pitch: $30 / year  You Will Benefit and so will Others

So first off the $ pitch, because I hate when people save that for later. We’re asking for $30/year in dues. For that you’ll receive information on foreclosures, the best Newsletter Writers on Gold, How to Trade Gold and Silver and the Junior Gold Mining Companies that have value, and where to buy the best deals on food and gold.  The Group is called United We Will Stand and like millions of other organizations we can’t work with out financial support. We tried to keep the dollar amount small and work off volume. Our immediate goal is ONE MILLION people. Yes, that’s $30,000,000 dollars. And I hope we can reach the $300,000,000 dollar level. Now here is the strange part. If you don’t have the money, someone else will pick you up and sponsor you. We’ll even let you know who it is if you want and if they want. In other words, the money is a means to an end. It is not an ends to itself.

We need many Americans on board if we’re to be effective. On the site there is an “opt in”  list. Please at least send in your name, email address, and State. We are going to try and get some attention from Washington and so we are going to have to play the game people. Nothing occurs in a vacuum–it’s all interrelated.

The first message we send is that we’re booting you out off office and putting in your place people who will do the right thing and represent their constituents.  If YOU want to be a part of this, we’re going to try and represent you well. If no one joins in, then we’ll rant. ‘m tired of ranting–I want action and I want it NOW–so do you. Especially if you’re facing job loss, foreclosures, and destitution.

We Are not victims

We are not victims. If you want to know who is responsible for this freaking mess we’re in, you go stand in front of a mirror. After doing that and realizing you are part of the problem, then put on your armor and prepare for battle. The first step to self awareness is discovery.

Take back your Country.

Our forefathers didn’t die at Valley Forge, Bunker Hill, and Gettysburg to have these malicious ants called bankers take over this country. In bed with that colony of ants are the slimy politicians who tell you they care as they have their palms greased with campaign funds. Meanwhile, they’ve created a DESIGNED PLAN where they’ve skimmed 13 Trillion dollars off American Households and put the county 60 TRILLION +++ in debt. That’s about $200,000 for every man, woman and child in the US.

Yea, I’m UPSET and you should be too.

This is what is going on in our land, people, and we are the suckers. We need to join together. United We Will Stand. We need to be a political voice and screw left wing and right wing and all the little items and issues that these parties use to divide this country to accelerate their own agendas.

That means we have to get off of our lazy sorry asses and get to work to save this country—and ourselves. It’s akin to the idea that in combat, soldiers fight for their squads and for their buddies. They eat, sleep, and share their immediate lives with. They don’t fight for ideals—they fight for friends. We are fighting for our very lives and those of the next five generations. Get Real People!

We must realize that we are in the battle of our lives. This is the biggest battle since the American Revolution and it is fought with perceptions and “the spin machine”, with the pen and not the sword. I’ve always said that nothing occurs in a vacuum and I’ve always asked people to try and “Expand the Base” as best they can. I know it’s a useless thankless job and all it really consists of is planting a few seeds in the minds of people next to you in the trenches.
Buy a little gold and silver and keep your eye on what they are doing politically all across the county. Do that one little thing and you’ll be supporting GATA in ways you never believed possible.

United We Will Stand but Divided We Will Fall. We are not only falling we are being pulled down by banks, big business, multinational corporations, and most violently by the Fed (which is neither Federal nor a Reserve). It is a gang of big banksters who rob banks because that’s where the money is. Read the Creature from Jeykll Island by Griffith and you’ll understand. You don’t think this affects you? If you live in America you are being affected–infinitely more than you realize.

Key Issues

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