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Feb 24, 2010
I have been working on the NEW WEBSITE

The new website is here: Rogue Broadcasting Network

Posted at 05:51 pm by Dragn
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Feb 18, 2010
Homeland Security targets bus traffic in Tampa

Homeland Security targets bus traffic in Tampa

TAMPA, FL -- It's the sort of security we've seen a lot of since 9-11 at places like airports and seaports and major sporting events. Bomb sniffing dogs, pat-downs and metal detector wanding, gloved inspections of hand-held bags were all performed in the shadow of...Greyhound buses.

"We do this for a couple of reasons," stated Transportation Security Administration Federal Security Director Gary Milano. "To sort of invent the wheel in advance -- in case we have to if there is any specific intelligence requiring us to be here. This was to show that we and our partners are ready to move in at a moments notice."

Milano was joined at the bus station by Border Patrol agent Steve McDonald. "What we're looking for is threats to national security as well as immigration law violators," he said.

"We're also looking at one of our main initiatives," according to Immigration and Customs Enforcement agent Michael Masto. "One of which is cash smuggling."

And so passengers ready to head toward Orlando, Jacksonville and points north had to go through a series of checks...a K-9 officer from the Tampa Airport Police department gave the bus his special "sniff test" in the baggage compartment. This is all a part of VIPR, which stands for Visible Intermodal Prevention and Response.

"This is ongoing for us," said Tampa Police Department Assistant Chief Marc Hamlin. "We do this every day."

And for the folks who travel like this -- day in and day out -- it's a comfort in these troubled times.

"I feel safe knowing that I can get on the bus and I'm not going to blow up," said frequent rider Chuck Lawrence.

"That's why we'll be back," said the TSA's Milano. "We won't say when, but this way, the bad guys are on notice that we will be back."


http://www.abcactionnews.com


Posted at 02:15 pm by Dragn
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Suicide letter of Pilot who crashed into a building in Austin, Texas.

Is this Fear Mongering, A False Flag event or is it really one person at the end of his rope?

This morning, like many others, I am running behind in what I had planned to do. I take a look outside my 4 walls, and discover that a plane had been crashed into a building in Austin.

Looking around a bit, and keeping an eye on the news there is a discovery of a website which holds a letter written by the pilot of the plane.

embededart.com
The title of the page is
"Well Mr. Big Brother IRS man... take my pound of flesh and sleep well."
Here is that letter:

 

If you're reading this, you're no doubt asking yourself, "Why did this have to happen?" The simple truth is that it is complicated and has been coming for a long time. The writing process, started many months ago, was intended to be therapy in the face of the looming realization that there isn't enough therapy in the world that can fix what is really broken. Needless to say, this rant could fill volumes with example after example if I would let it. I find the process of writing it frustrating, tedious, and probably pointless… especially given my gross inability to gracefully articulate my thoughts in light of the storm raging in my head. Exactly what is therapeutic about that I'm not sure, but desperate times call for desperate measures.

We are all taught as children that without laws there would be no society, only anarchy. Sadly, starting at early ages we in this country have been brainwashed to believe that, in return for our dedication and service, our government stands for justice for all. We are further brainwashed to believe that there is freedom in this place, and that we should be ready to lay our lives down for the noble principals represented by its founding fathers. Remember? One of these was "no taxation without representation". I have spent the total years of my adulthood unlearning that crap from only a few years of my childhood. These days anyone who really stands up for that principal is promptly labeled a "crackpot", traitor and worse.

While very few working people would say they haven't had their fair share of taxes (as can I), in my lifetime I can say with a great degree of certainty that there has never been a politician cast a vote on any matter with the likes of me or my interests in mind. Nor, for that matter, are they the least bit interested in me or anything I have to say.

Why is it that a handful of thugs and plunderers can commit unthinkable atrocities (and in the case of the GM executives, for scores of years) and when it's time for their gravy train to crash under the weight of their gluttony and overwhelming stupidity, the force of the full federal government has no difficulty coming to their aid within days if not hours? Yet at the same time, the joke we call the American medical system, including the drug and insurance companies, are murdering tens of thousands of people a year and stealing from the corpses and victims they cripple, and this country's leaders don't see this as important as bailing out a few of their vile, rich cronies. Yet, the political "representatives" (thieves, liars, and self-serving scumbags is far more accurate) have endless time to sit around for year after year and debate the state of the "terrible health care problem". It's clear they see no crisis as long as the dead people don't get in the way of their corporate profits rolling in.

And justice? You've got to be kidding!

How can any rational individual explain that white elephant conundrum in the middle of our tax system and, indeed, our entire legal system? Here we have a system that is, by far, too complicated for the brightest of the master scholars to understand. Yet, it mercilessly "holds accountable" its victims, claiming that they're responsible for fully complying with laws not even the experts understand. The law "requires" a signature on the bottom of a tax filing; yet no one can say truthfully that they understand what they are signing; if that's not "duress" than what is. If this is not the measure of a totalitarian regime, nothing is.

How did I get here?

My introduction to the real American nightmare starts back in the early '80s. Unfortunately after more than 16 years of school, somewhere along the line I picked up the absurd, pompous notion that I could read and understand plain English. Some friends introduced me to a group of people who were having 'tax code' readings and discussions. In particular, zeroed in on a section relating to the wonderful "exemptions" that make institutions like the vulgar, corrupt Catholic Church so incredibly wealthy. We carefully studied the law (with the help of some of the "best", high-paid, experienced tax lawyers in the business), and then began to do exactly what the "big boys" were doing (except that we weren't steeling from our congregation or lying to the government about our massive profits in the name of God). We took a great deal of care to make it all visible, following all of the rules, exactly the way the law said it was to be done.

The intent of this exercise and our efforts was to bring about a much-needed re-evaluation of the laws that allow the monsters of organized religion to make such a mockery of people who earn an honest living. However, this is where I learned that there are two "interpretations" for every law; one for the very rich, and one for the rest of us… Oh, and the monsters are the very ones making and enforcing the laws; the inquisition is still alive and well today in this country.

That little lesson in patriotism cost me $40,000+, 10 years of my life, and set my retirement plans back to 0. It made me realize for the first time that I live in a country with an ideology that is based on a total and complete lie. It also made me realize, not only how naive I had been, but also the incredible stupidity of the American public; that they buy, hook, line, and sinker, the crap about their "freedom"… and that they continue to do so with eyes closed in the face of overwhelming evidence and all that keeps happening in front of them.

Before even having to make a shaky recovery from the sting of the first lesson on what justice really means in this country (around 1984 after making my way through engineering school and still another five years of "paying my dues"), I felt I finally had to take a chance of launching my dream of becoming an independent engineer.

On the subjects of engineers and dreams of independence, I should digress somewhat to say that I'm sure that I inherited the fascination for creative problem solving from my father. I realized this at a very young age.

The significance of independence, however, came much later during my early years of college; at the age of 18 or 19 when I was living on my own as student in an apartment in Harrisburg, Pennsylvania. My neighbor was an elderly retired woman (80+ seemed ancient to me at that age) who was the widowed wife of a retired steel worker. Her husband had worked all his life in the steel mills of central Pennsylvania with promises from big business and the union that, for his 30 years of service, he would have a pension and medical care to look forward to in his retirement. Instead he was one of the thousands who got nothing because the incompetent mill management and corrupt union (not to mention the government) raided their pension funds and stole their retirement. All she had was social security to live on.

In retrospect, the situation was laughable because here I was living on peanut butter and bread (or Ritz crackers when I could afford to splurge) for months at a time. When I got to know this poor figure and heard her story I felt worse for her plight than for my own (I, after all, I thought I had everything to in front of me). I was genuinely appalled at one point, as we exchanged stories and commiserated with each other over our situations, when she in her grandmotherly fashion tried to convince me that I would be "healthier" eating cat food (like her) rather than trying to get all my substance from peanut butter and bread. I couldn't quite go there, but the impression was made. I decided that I didn't trust big business to take care of me, and that I would take responsibility for my own future and myself.

Return to the early '80s, and here I was off to a terrifying start as a 'wet-behind-the-ears' contract software engineer... and two years later, thanks to the fine backroom, midnight effort by the sleazy executives of Arthur Andersen (the very same folks who later brought us Enron and other such calamities) and an equally sleazy New York Senator (Patrick Moynihan), we saw the passage of 1986 tax reform act with its section 1706.

For you who are unfamiliar, here is the core text of the IRS Section 1706, defining the treatment of workers (such as contract engineers) for tax purposes. Visit this link for a conference committee report (http://www.synergistech.com/1706.shtml#ConferenceCommitteeReport) regarding the intended interpretation of Section 1706 and the relevant parts of Section 530, as amended. For information on how these laws affect technical services workers and their clients, read our discussion here (http://www.synergistech.com/ic-taxlaw.shtml).

SEC. 1706. TREATMENT OF CERTAIN TECHNICAL PERSONNEL.

(a) IN GENERAL - Section 530 of the Revenue Act of 1978 is amended by adding at the end thereof the following new subsection:

(d) EXCEPTION. - This section shall not apply in the case of an individual who pursuant to an arrangement between the taxpayer and another person, provides services for such other person as an engineer, designer, drafter, computer programmer, systems analyst, or other similarly skilled worker engaged in a similar line of work.

(b) EFFECTIVE DATE. - The amendment made by this section shall apply to remuneration paid and services rendered after December 31, 1986.

Note:

·      "another person" is the client in the traditional job-shop relationship.

·      "taxpayer" is the recruiter, broker, agency, or job shop.

·      "individual", "employee", or "worker" is you.

 

Admittedly, you need to read the treatment to understand what it is saying but it's not very complicated. The bottom line is that they may as well have put my name right in the text of section (d). Moreover, they could only have been more blunt if they would have came out and directly declared me a criminal and non-citizen slave. Twenty years later, I still can't believe my eyes.

During 1987, I spent close to $5000 of my 'pocket change', and at least 1000 hours of my time writing, printing, and mailing to any senator, congressman, governor, or slug that might listen; none did, and they universally treated me as if I was wasting their time. I spent countless hours on the L.A. freeways driving to meetings and any and all of the disorganized professional groups who were attempting to mount a campaign against this atrocity. This, only to discover that our efforts were being easily derailed by a few moles from the brokers who were just beginning to enjoy the windfall from the new declaration of their "freedom". Oh, and don't forget, for all of the time I was spending on this, I was loosing income that I couldn't bill clients.

After months of struggling it had clearly gotten to be a futile exercise. The best we could get for all of our trouble is a pronouncement from an IRS mouthpiece that they weren't going to enforce that provision (read harass engineers and scientists). This immediately proved to be a lie, and the mere existence of the regulation began to have its impact on my bottom line; this, of course, was the intended effect.

Again, rewind my retirement plans back to 0 and shift them into idle. If I had any sense, I clearly should have left abandoned engineering and never looked back.

Instead I got busy working 100-hour workweeks. Then came the L.A. depression of the early 1990s. Our leaders decided that they didn't need the all of those extra Air Force bases they had in Southern California, so they were closed; just like that. The result was economic devastation in the region that rivaled the widely publicized Texas S&L fiasco. However, because the government caused it, no one gave a shit about all of the young families who lost their homes or street after street of boarded up houses abandoned to the wealthy loan companies who received government funds to "shore up" their windfall. Again, I lost my retirement.

Years later, after weathering a divorce and the constant struggle trying to build some momentum with my business, I find myself once again beginning to finally pick up some speed. Then came the .COM bust and the 911 nightmare. Our leaders decided that all aircraft were grounded for what seemed like an eternity; and long after that, 'special' facilities like San Francisco were on security alert for months. This made access to my customers prohibitively expensive. Ironically, after what they had done the Government came to the aid of the airlines with billions of our tax dollars … as usual they left me to rot and die while they bailed out their rich, incompetent cronies WITH MY MONEY! After these events, there went my business but not quite yet all of my retirement and savings.

By this time, I'm thinking that it might be good for a change. Bye to California, I'll try Austin for a while. So I moved, only to find out that this is a place with a highly inflated sense of self-importance and where damn little real engineering work is done. I've never experienced such a hard time finding work. The rates are 1/3 of what I was earning before the crash, because pay rates here are fixed by the three or four large companies in the area who are in collusion to drive down prices and wages… and this happens because the justice department is all on the take and doesn't give a fuck about serving anyone or anything but themselves and their rich buddies.

To survive, I was forced to cannibalize my savings and retirement, the last of which was a small IRA. This came in a year with mammoth expenses and not a single dollar of income. I filed no return that year thinking that because I didn't have any income there was no need. The sleazy government decided that they disagreed. But they didn't notify me in time for me to launch a legal objection so when I attempted to get a protest filed with the court I was told I was no longer entitled to due process because the time to file ran out. Bend over for another $10,000 helping of justice.

So now we come to the present. After my experience with the CPA world, following the business crash I swore that I'd never enter another accountant's office again. But here I am with a new marriage and a boatload of undocumented income, not to mention an expensive new business asset, a piano, which I had no idea how to handle. After considerable thought I decided that it would be irresponsible NOT to get professional help; a very big mistake.

When we received the forms back I was very optimistic that they were in order. I had taken all of the years information to Bill Ross, and he came back with results very similar to what I was expecting. Except that he had neglected to include the contents of Sheryl's unreported income; $12,700 worth of it. To make matters worse, Ross knew all along this was missing and I didn't have a clue until he pointed it out in the middle of the audit. By that time it had become brutally evident that he was representing himself and not me.

This left me stuck in the middle of this disaster trying to defend transactions that have no relationship to anything tax-related (at least the tax-related transactions were poorly documented). Things I never knew anything about and things my wife had no clue would ever matter to anyone. The end result is… well, just look around.

I remember reading about the stock market crash before the "great" depression and how there were wealthy bankers and businessmen jumping out of windows when they realized they screwed up and lost everything. Isn't it ironic how far we've come in 60 years in this country that they now know how to fix that little economic problem; they just steal from the middle class (who doesn't have any say in it, elections are a joke) to cover their asses and it's "business-as-usual". Now when the wealthy fuck up, the poor get to die for the mistakes… isn't that a clever, tidy solution.

As government agencies go, the FAA is often justifiably referred to as a tombstone agency, though they are hardly alone. The recent presidential puppet GW Bush and his cronies in their eight years certainly reinforced for all of us that this criticism rings equally true for all of the government. Nothing changes unless there is a body count (unless it is in the interest of the wealthy sows at the government trough). In a government full of hypocrites from top to bottom, life is as cheap as their lies and their self-serving laws.

I know I'm hardly the first one to decide I have had all I can stand. It has always been a myth that people have stopped dying for their freedom in this country, and it isn't limited to the blacks, and poor immigrants. I know there have been countless before me and there are sure to be as many after. But I also know that by not adding my body to the count, I insure nothing will change. I choose to not keep looking over my shoulder at "big brother" while he strips my carcass, I choose not to ignore what is going on all around me, I choose not to pretend that business as usual won't continue; I have just had enough.

I can only hope that the numbers quickly get too big to be white washed and ignored that the American zombies wake up and revolt; it will take nothing less. I would only hope that by striking a nerve that stimulates the inevitable double standard, knee-jerk government reaction that results in more stupid draconian restrictions people wake up and begin to see the pompous political thugs and their mindless minions for what they are. Sadly, though I spent my entire life trying to believe it wasn't so, but violence not only is the answer, it is the only answer. The cruel joke is that the really big chunks of shit at the top have known this all along and have been laughing, at and using this awareness against, fools like me all along.

I saw it written once that the definition of insanity is repeating the same process over and over and expecting the outcome to suddenly be different. I am finally ready to stop this insanity. Well, Mr. Big Brother IRS man, let's try something different; take my pound of flesh and sleep well.

 

The communist creed: From each according to his ability, to each according to his need.

The capitalist creed: From each according to his gullibility, to each according to his greed.

 

Joe Stack (1956-2010)

02/18/2010

/*EOF

(I seem to remember that /*EOF, or something like it is an old way to mark the end of a file. In this case I am using it to mark the end of his letter.)

I have read it through once, but I can't say I have read it closely.  There were parts of it that did catch my attention, and I would like to come back to them later and look at them closer.




Posted at 01:13 pm by Dragn
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Feb 16, 2010
Google Bans DVD Critical Of Obama Administration

Search Engine Giant Censors Alex Jones Material For “Advocating Against a Protected Group”

Google Bans DVD Critical Of Obama Administration 160210top2

Paul Joseph Watson
Prison Planet.com
Tuesday, February 16, 2010

Google has sensationally banned all sales through its shopping merchant of a DVD critical of the Obama administration under the terms of its program policy which bars any material deemed to be “advocating against a protected group”. Apparently, Google considers the government to be a “protected group,” and immune from criticism.

Radio talk show host Alex Jones’ Google merchant account has been completely disabled after the search engine giant sent an email claiming the products listed promoted violence, and refused to link to them on the Infowars Yahoo shopping cart.

“I had our new employee Thomas try to get our products from our Yahoo Store get sent to Google shopping so people using google shopping can view our products and purchase them. We went through the steps of signing up for a Google Merchant Account and then submitted our entire product list,” writes Infowars staff member Tim Fruge.

“We were denied. I said OK, we’ll try it again with just a few products. Thinking maybe certain items were possibly flagging it. So we tried it with just a few of Alex’s DVD’s only….nope, still denied. So, I said let’s just try listing Fall Of The Republic. Still denied! We had to contact Google to find out what was going on and that’s when we got the response attached to this email. Just a blanket response, basically calling us a hate group or something to that effect.”

When Fruge questioned Google as to why the account had been disabled, he received the following response.

Hello,

Thank you for your email. Your data feed contains listings for items that don’t comply with our Program Policies.

Anti and Violence: products and associated websites may not promote violence or advocate against a protected group. This standard applies to everyone who wants to post on Google, whether we agree with their viewpoint or not. A protected group is distinguished by their race or ethnic origin, color, national origin, religion, disability, sex, age, veteran status, or sexual orientation/gender identity.

Visit http://www.google.com/support/merchants/bin/answer.py?hl=en&answer=160074 to ensure all your items comply with our Program Policies.

Sincerely,
The Google Team

“So basically Google is censoring Fall Of The Republic on Google Shopping for the above stated reason. While The Turner Diaries, and many, many more books that are blatantly racist are allowed,” writes Fruge.

We were eventually able to get our products listed on Google but only through a third party that links to the Google base network.

The fact that Google openly admits to censoring material that is “anti” anything is a startling insight into their distain for free speech. People who consider themselves “anti-homosexuality” or “anti-Christianity” and make films or write books about it would consider their point of view to constitute freedom of speech, but not according to Google, who selectively choose which groups are allowed to be criticized and which are not.


You may have a personal dislike for old people or be not particularly fond of the French – that’s hate speech according to Google’s policies.

However, the fact that Google allows the sale of clearly racist items such as The Turner Diaries, while censoring films critical of the Obama administration, is an obvious double standard.

At no point whatsoever throughout the nearly 2 and a half hour long documentary Fall of the Republic is violence against anyone advocated. What the film does expose is how Obama abandoned his promise of change and is hastily implementing and expanding the same financial and geopolitical policies advanced under Bush. This message has been received by millions of people who have seen different free versions of the film on You Tube.

Maybe the fact that Google Chief Executive Eric Schmidt, a man who recently spelled out pretty clearly the disregard Google has for your privacy, campaigned for Obama and appeared with him at town hall meeting held at Google headquarters in November 2007, has something to do with the anti-Obama film disappearing from Google’s merchant website.

Of course, Google can ultimately refuse to carry any material they like because their servers are their own private property, but when an organization that now plays such a massive role in numerous facets of our life takes on the role of the thought police, we should be drastically concerned, especially considering the fact that Google recently announced its intention to establish a working relationship with the National Security Agency, the government spy force responsible for warrantless monitoring of Americans’ phone calls and e-mails in the wake of 9/11.

Of course, seasoned readers will know that Alex Jones has been a constant target of the Google thought police for years.

Last year, You Tube, which is owned by Google, pulled the Alex Jones Channel on the flimsiest of pretexts and only agreed to restore it after thousands of people complained.

In 2007, Google deleted a short news clip highlighting the BBC Building 7 fiasco, despite the fact that the clip clearly constituted fair use.

Despite the story receiving widespread attention from a myriad of mainstream news outlets, for days Google censored all information relating to Charlie Sheen’s comments about 9/11 first made to The Alex Jones Show in March 2006.

More recently, Google was accused of censoring search results related to the Climategate global warming scandal.

Shortly after Google entered the Chinese search engine market and complied with demands from the Communist Chinese government that its content be censored, the company pulled a statement from its website that assured readers Google didn’t censor search results – now they do.

Google’s foundiing mantra was “don’t be evil,” and yet the company’s actions in censoring DVD’s critical of the U.S. government represents precisely that – an insidious, hypocritical and evil assault on the First Amendment.


Posted at 03:02 pm by Dragn
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Feb 15, 2010
Aspartame has been renamed and is now being marketed as a natural sweetener

Friday, February 12, 2010 by: Ethan Huff, citizen journalist
See all articles by this author

(NaturalNews) In response to growing awareness about the dangers of artificial sweeteners, what does the manufacturer of one of the world's most notable artificial sweeteners do? Why, rename it and begin marketing it as natural, of course. This is precisely the strategy of Ajinomoto, maker of aspartame, which hopes to pull the wool over the eyes of the public with its rebranded version of aspartame, called "AminoSweet".

Over 25 years ago, aspartame was first introduced into the European food supply. Today, it is an everyday component of most diet beverages, sugar-free desserts, and chewing gums in countries worldwide. But the tides have been turning as the general public is waking up to the truth about artificial sweeteners like aspartame and the harm they cause to health. The latest aspartame marketing scheme is a desperate effort to indoctrinate the public into accepting the chemical sweetener as natural and safe, despite evidence to the contrary.

Aspartame was an accidental discovery by James Schlatter, a chemist who had been trying to produce an anti-ulcer pharmaceutical drug for G.D. Searle & Company back in 1965. Upon mixing aspartic acid and phenylalanine, two naturally-occurring amino acids, he discovered that the new compound had a sweet taste. The company merely changed its FDA approval application from drug to food additive and, voila, aspartame was born.

G.D. Searle & Company first patented aspartame in 1970. An internal memo released in the same year urged company executives to work on getting the FDA into the "habit of saying yes" and of encouraging a "subconscious spirit of participation" in getting the chemical approved.

G.D. Searle & Company submitted its first petition to the FDA in 1973 and fought for years to gain FDA approval, submitting its own safety studies that many believed were inadequate and deceptive. Despite numerous objections, including one from its own scientists, the company was able to convince the FDA to approve aspartame for commercial use in a few products in 1974, igniting a blaze of controversy.

In 1976, then FDA Commissioner Alexander Schmidt wrote a letter to Sen. Ted Kennedy expressing concern over the "questionable integrity of the basic safety data submitted for aspartame safety". FDA Chief Counsel Richard Merrill believed that a grand jury should investigate G.D. Searle & Company for lying about the safety of aspartame in its reports and for concealing evidence proving the chemical is unsafe for consumption.

Despite the myriad of evidence gained over the years showing that aspartame is a dangerous toxin, it has remained on the global market with the exception of a few countries that have banned it. In fact, it continued to gain approval for use in new types of food despite evidence showing that it causes neurological brain damage, cancerous tumors, and endocrine disruption, among other things.

The details of aspartame's history are lengthy, but the point remains that the carcinogen was illegitimately approved as a food additive through heavy-handed prodding by a powerful corporation with its own interests in mind. Practically all drugs and food additives are approved by the FDA not because science shows they are safe but because companies essentially lobby the FDA with monetary payoffs and complete the agency's multi-million dollar approval process.

Changing aspartame's name to something that is "appealing and memorable", in Ajinomoto's own words, may hoodwink some but hopefully most will reject this clever marketing tactic as nothing more than a desperate attempt to preserve the company's multi-billion dollar cash cow. Do not be deceived.

Sources:

Ajinomoto brands aspartame 'AminoSweet' - FoodBev.com

Aspartame History Highlights - Janet Starr Hull

FDA's approval of aspartame under scrutiny - The Globe and Mail (Canada)

An Overdue Ban On A Dangerous Sweetener - Huffington Post

Posted at 12:32 pm by Dragn
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Feb 10, 2010
Spot Prices

Wednesday February 10, 2010

At the close of trading in New York today, spot prices were as follows:

02/10/2010


Gold
 Today...$1,076.20
 Change....-$1.20
 Week Ago...$1,112.20
 Month Ago...$1,139.20
 Year Ago...$913.00

Silver
 Today...$15.34
 Change...-$0.13
 Week Ago...$16.36
 Month Ago...$18.48
 Year Ago...$13.18

Platinum
 Today...$1,512.60
 Change...+$5.80
 Week Ago...$1,578.30
 Month Ago...$1,567.10
 Year Ago...$1,037.50

Palladium
 Today...$415.70
 Change...-$3.80
 Week Ago...$439.10
 Month Ago...$426.20
 Year Ago...$215.00

Posted at 02:12 pm by Dragn
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Fear, Gold and the Dollar

Frank Holmes
February 08, 2010

The U.S. dollar was up last week against the euro out of fear of how debt problems in Greece and elsewhere in Europe will be resolved, and as a result gold had a tough week.

The dollar’s rally appears to be a short-term safe haven move, rather than a response to improving economic conditions in the U.S.

In fact, Friday’s report of a net loss of 20,000 jobs in December (the expectation was for a net gain in employment) and that many thousands more would-be workers have given up looking for jobs is evidence that the economy remains somewhat weak.

This weakness makes it less likely that the Federal Reserve will play it safe by not raising interest rates, and more likely that Congress and the Obama administration will pump more financial stimulus money into the system.

Both keeping rates near zero and expanding the monetary base are negative for the dollar, and thus positive for gold. We’ve seen that after a period of money-supply tightening in December and January, it appears that money is loosening again.

The federal deficit is pegged at more than $1 trillion this year and more than $8 trillion through 2019—this will slowly weigh on the dollar. On top of that, the TARP money being repaid by banks is not being removed from the monetary base—we shouldn’t be surprised if that money is used as a stimulus booster shot ahead of the 2010 midterm elections.

COMM - Gold vs Dollar Oscillator 020510

Our gold-dollar oscillator (above) shows that the dollar is approaching being overbought over the past 60 trading days, while gold is showing signs of being oversold.

The magnitude of the current spread between gold and the dollar typically means that both could be close to a price reversal—the dollar heading back downward and gold back up toward the mean.

In the 1990s, a strong dollar was associated with a strong U.S. economy, but the current one-month dollar rally has been accompanied by a drop in the S&P 500. With most of the world’s economic growth coming in emerging markets, many U.S. companies are relying on overseas sales to drive revenue and profit growth. A stronger dollar hurts U.S. companies trying to thrive in the global marketplace.

This is clearly evident in the illustration below. Here you can see that the world has changed and a strong stock market is aided by a weaker dollar.

SP vs Dollar 020510


Posted at 01:12 am by Dragn
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It has come to my attention...

... that MS Media player might be having some trouble connecting to the station. I am aware of the problem, and I will have the fix up in a day or so. It looks like it will require moving the station site to another server.

Thank You



Posted at 12:53 am by Dragn
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Feb 9, 2010
AOCS

I made a purchase from the AOCS people. I chose the 1oz. Talk Radio Patriot. I have ordered from other companies in the past and didn't really like how the transactions have gone.  So far, this company seems to be head and shoulders above the others.




They accepted PayPal payments, and now I am just waiting for delivery.


Posted at 05:22 pm by Dragn
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Spot Prices

Tuesday February 9, 2010

At the close of trading in New York today, spot prices were as follows:

02/09/2010


Gold
 Today...$1,077.40
 Change....+$11.90
 Week Ago...$1,117.30
 Month Ago...$1,139.20
 Year Ago...$892.10

Silver
 Today...$15.47
 Change...+$0.36
 Week Ago...$16.79
 Month Ago...$18.48
 Year Ago...$12.90

Platinum
 Today...$1,506.80
 Change...+$21.10
 Week Ago...$1,582.00
 Month Ago...$1,567.10
 Year Ago...$999.00

Palladium
 Today...$419.50
 Change...+$9.50
 Week Ago...$447.10
 Month Ago...$426.20
 Year Ago...$209.30

Posted at 03:46 pm by Dragn
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