[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

"Analysis: The Final State of the Presidential Race"

He’ll, You Pieces of Garbage

The Future of Warfare -- No more martyrdom!

"Kamala’s Inane Talking Points"

"The Harris Campaign Is Testament to the Toxicity of Woke Politics"

Easy Drywall Patch

Israel Preparing NEW Iran Strike? Iran Vows “Unimaginable” Response | Watchman Newscast

In Logansport, Indiana, Kids are Being Pushed Out of Schools After Migrants Swelled County’s Population by 30%: "Everybody else is falling behind"

Exclusive — Bernie Moreno: We Spend $110,000 Per Illegal Migrant Per Year, More than Twice What ‘the Average American Makes’

Florida County: 41 of 45 People Arrested for Looting after Hurricanes Helene and Milton are Noncitizens

Presidential race: Is a Split Ticket the only Answer?

hurricanes and heat waves are Worse

'Backbone of Iran's missile industry' destroyed by IAF strikes on Islamic Republic

Joe Rogan Experience #2219 - Donald Trump

IDF raids Hezbollah Radwan Forces underground bases, discovers massive cache of weapons

Gallant: ‘After we strike in Iran,’ the world will understand all of our training

The Atlantic Hit Piece On Trump Is A Psy-Op To Justify Post-Election Violence If Harris Loses

Six Al Jazeera journalists are Hamas, PIJ terrorists

Judge Aileen Cannon, who tossed Trump's classified docs case, on list of proposed candidates for attorney general

Iran's Assassination Program in Europe: Europe Goes Back to Sleep

Susan Olsen says Brady Bunch revival was cancelled because she’s MAGA.

Foreign Invaders crisis cost $150B in 2023, forcing some areas to cut police and fire services: report

Israel kills head of Hezbollah Intelligence.

Tenn. AG reveals ICE released thousands of ‘murderers and rapists’ from detention centers into US streets

Kamala Harris Touts Mass Amnesty Offering Fast-Tracked Citizenship to Nearly Every Illegal Alien in U.S.

Migration Crisis Fueled Rise in Tuberculosis Cases Study Finds

"They’re Going to Try to Kill Trump Again"

"Dems' Attempts at Power Grab Losing Their Grip"

"Restoring a ‘Great Moderation’ in Fiscal Policy"

"As attacks intensify, Trump becomes more popular"

Posting Articles Now Working Here

Another Test

Testing

Kamala Harris, reparations, and guaranteed income

Did Mudboy Slim finally kill this place?

"Why Young Americans Are Not Taught about Evil"

"New Rules For Radicals — How To Reinvent Kamala Harris"

"Harris’ problem: She’s a complete phony"

Hurricane Beryl strikes Bay City (TX)

Who Is ‘Destroying Democracy In Darkness?’

‘Kamalanomics’ is just ‘Bidenomics’ but dumber

Even The Washington Post Says Kamala's 'Price Control' Plan is 'Communist'

Arthur Ray Hines, "Sneakypete", has passed away.

No righT ... for me To hear --- whaT you say !

"Walz’s Fellow Guardsmen Set the Record Straight on Veep Candidate’s Military Career: ‘He Bailed Out’ "

"Kamala Harris Selects Progressive Minnesota Governor Tim Walz as Running Mate"

"The Teleprompter Campaign"

Good Riddance to Ismail Haniyeh

"Pagans in Paris"

"Liberal groupthink makes American life creepy and could cost Democrats the election".


Status: Not Logged In; Sign In

Business
See other Business Articles

Title: Gold Futures Jumps by Most Since March 2009; Silver Rises to 30-Year High
Source: Bloomberg
URL Source: http://www.bloomberg.com/news/2010- ... fed-boosts-debt-purchases.html
Published: Nov 4, 2010
Author: By Pham-Duy Nguyen
Post Date: 2010-11-04 15:30:02 by Brian S
Keywords: None
Views: 69129
Comments: 102

Gold surged the most since March 2009 and silver rose to a 30-year high after the Federal Reserve said it will buy more debt, driving the dollar lower and boosting demand for precious metals as alternative investments.

The dollar fell to the lowest level in almost nine months against a basket of major currencies. The Fed yesterday said it will buy an additional $600 billion of Treasuries through June to spur growth. Before today, gold futures gained 22 percent this year, reaching a record $1,388.10 an ounce on Oct. 14.

“The Fed aims to weaken the dollar and create inflation,” said Peter Schiff, the president of Euro Pacific Capital in Westport, Connecticut. “Gold and non-dollar investments should benefit from their efforts.”

Gold futures for December delivery rose $40.30, or 3 percent, to $1,377.90 an ounce at 12:02 p.m. on the Comex in New York. A close at that price would mark the biggest gain for a most-active contract since March 19, 2009.

The Federal Open Market Committee said yesterday that it was compelled to act because “progress” toward objectives of full employment and stable prices “has been disappointingly slow.” The U.S. and other governments kept interest rates low and spent trillions of dollars to revive the global economy.

‘Inflationary Threat’

“Investors are starting to think about the long-term inflationary threat,” said Adam Klopfenstein, a senior market strategist at Lind-Waldock in Chicago. “The $600 billion in bond purchases looks very friendly for buying anything tangible like gold. Commodities are going to look undervalued.”

The Thomson Reuters/Jefferies CRB Index of 19 raw materials rose to a two-year high.

“Commodity prices are far more likely to rise than to fall,” said Dennis Gartman, an economist and the editor of the Suffolk, Virginia-based Gartman Letter. The Fed has signaled that “it will do what it must to assure that deflationary pressures are dealt a death blow, that inflation is the better choice.”

Inflation expectations, based on the 10-year U.S. Treasury breakeven rate, have fallen to 2.17 percent from 2.4 percent at the beginning of the year. Gold is traditionally a hedge against accelerating consumer prices.

Silver futures for December delivery jumped $1.154, or 4.7 percent, to $25.59 an ounce. Earlier, the price reached $25.72, the highest level since March 1980.

Palladium futures for December delivery climbed $26.50, or 4.1 percent, to $669.20 an ounce on the New York Mercantile Exchange. Earlier, the price touched $676.85, the highest level since May 2001.

Platinum futures for January delivery rose $52.10, or 3.1 percent, to $1,749.30 an ounce.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Brian S (#0)

Glenn Beck was right...Weiner was wrong. NO surprise.

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-11-04   15:30:58 ET  Reply   Trace   Private Reply  


#2. To: Brian S (#0)

The dollar fell to the lowest level in almost nine months against a basket of major currencies.

Oil shall rise too.

Then everything that needs oil to be distributed and used.

-----------------------------------------------------------
Barrack Hussein Obama
President of the United States of America said that some Americans ; "They can come for the ride, but they gotta sit in back."

WhiteSands  posted on  2010-11-04   15:34:46 ET  Reply   Trace   Private Reply  


#3. To: Brian S (#0)

Gold surged the most since March 2009

Everything you need to know, right there. 8D

http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm

mcgowanjm  posted on  2010-11-05   10:17:44 ET  Reply   Trace   Private Reply  


#4. To: All (#3)

The Peak Oil Crisis: The Leading Edge by Tom Whipple 4.5 Average: 4.5 (2 votes)

Please Log in or register to rate this article.

Do you remember the furor over drilling for oil in the Alaska National Wildlife Refuge a few years back? The whole country was up in arms. At various times some 50 to 60 percent of Americans favored drilling in the area as they were told this would result in lower gas prices.

Last week the USGS lowered its estimate of the amount of oil that could be extracted from the region all the way from 10 billion barrels down to less than one billion, making drilling in the area uneconomical. By the way, the amount of crude being pumped down the Alaskan pipeline now has fallen from 2 million barrels a day (b/d) when the pipeline first opened back in the 1970's to about 600,000 b/d in recent weeks. The trouble is that when the flow of oil falls below a quantity estimated to be 200-300,000 b/d (some say 500,000) the line will have to be closed as there will simply not be enough hot oil being sent down the pipeline to keep it from freezing in winter."

$2.80 Gas shuts down the economy.

mcgowanjm  posted on  2010-11-05   10:21:00 ET  Reply   Trace   Private Reply  


#5. To: mcgowanjm (#4)

$2.80 Gas shuts down the economy.

We're paying over $3 a gallon now.

BTW, silver is at $26.60 this morning.

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson

lucysmom  posted on  2010-11-05   10:35:05 ET  Reply   Trace   Private Reply  


#6. To: lucysmom (#5)

We're paying over $3 a gallon now.

And thank you.

California leads the way. You'll also note that Housing is having a problem in your state. It seems to be doing an imitation of Wiley E. Coyote.

And I was referring to $2.80 as the Nationwide Avg. ;}

CA will probably be at $3.35 or so, when that happens.

mcgowanjm  posted on  2010-11-05   10:40:47 ET  Reply   Trace   Private Reply  


#7. To: mcgowanjm (#4)

$2.80 Gas shuts down the economy.

We're about there right now.

Fred Mertz  posted on  2010-11-05   10:41:10 ET  Reply   Trace   Private Reply  


#8. To: Fred Mertz, mcgowanjm (#7)

$2.80 Gas shuts down the economy.

We're about there right now.

In the mean time the right is all up in arms over the fake news about the cost of Obama's Asian trip.

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson

lucysmom  posted on  2010-11-05   10:47:06 ET  Reply   Trace   Private Reply  


#9. To: lucysmom (#8) (Edited)

In the mean time the right is all up in arms over the fake news about the cost of Obama's Asian trip.

And you'll notice the right will talk about ANYTHING except what matters. 8D

Afghan resistance : The untold reality of Kandahar Operation (Part 3) Islamic Emirate of Afghanistan

November 4, 2010

www.uruknet.info/?p=m71499&hd=&size=1&l=e

Israel does not want anything that could conceivably be called a genuine peace. For the sake of holding on to its ill-gotten gains, it is prepared to remain a garrison state forever. It is prepared to fight wars and to launch them to destroy anyone who stands in the way of the fulfillment of the Zionist dream/nightmare. Nothing is left for the Palestinians in this situation but to declare that, as the Oslo process succeeded or failed as a package, as it has now not so much failed as been killed off by Israel, all the agreements that were made along the way are null and void. Effectively, they, the Palestinians, and we, the rest of the world, because there is no way that the world can avoid becoming embroiled in the very large crisis that will inevitably arise as the apotheosis of all these smaller crises (small by comparison), we are back to 1948. Blocked from swinging in one direction, the pendulum between war and peace must now swing in the other."

Caught In A Lie: Bernanke Promised Congress The Federal Reserve Would Not Monetize The Debt But Now That Is Exactly What Is Happening

theeconomiccollapseblog.com/

“(Sudden Debt) The largest group of wage earners – a massive 24 million or 16% of the total – made between 1 red cent and $4,999.99. On average they earned $2,016.

The average wage for everyone was $39,054, but the median was a mere $26,261. Two thirds of all workers made less than $40,000.”

mcgowanjm  posted on  2010-11-05   11:02:51 ET  Reply   Trace   Private Reply  


#10. To: Fred Mertz (#7)

We're about there right now.

;}

$87 the bbl should do it.

mcgowanjm  posted on  2010-11-05   11:05:38 ET  Reply   Trace   Private Reply  


#11. To: All (#10)

$87 the bbl should do it.

Or the BigOil refinery's eat the diff, and I don't think they'll do that this time. ;}

mcgowanjm  posted on  2010-11-05   11:06:21 ET  Reply   Trace   Private Reply  


#12. To: mcgowanjm (#9)

“(Sudden Debt) The largest group of wage earners – a massive 24 million or 16% of the total – made between 1 red cent and $4,999.99. On average they earned $2,016.

That's because we punish the rich by making them pay taxes.

PAUL: Well, the thing is, we’re all interconnected. There are no rich. There are no middle class. There are no poor. We all are interconnected in the economy. You remember a few years ago, when they tried to tax the yachts, that didn’t work. You know who lost their jobs? The people making the boats, the guys making 50,000 and 60,000 dollars a year lost their jobs. We all either work for rich people or we sell stuff to rich people. So just punishing rich people is as bad for the economy as punishing anyone. Let’s not punish anyone. Let’s keep taxes low and let’s cut spending.

thinkprogress.org/2010/11/03/rand-paul-plutocracy/

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson

lucysmom  posted on  2010-11-05   11:25:16 ET  Reply   Trace   Private Reply  


#13. To: lucysmom (#12)

PAUL: Well, the thing is, we’re all interconnected. There are no rich. There are no middle class. There are no poor. We all are interconnected in the economy. You remember a few years ago, when they tried to tax the yachts, that didn’t work. You know who lost their jobs? The people making the boats, the guys making 50,000 and 60,000 dollars a year lost their jobs. We all either work for rich people or we sell stuff to rich people. So just punishing rich people is as bad for the economy as punishing anyone. Let’s not punish anyone. Let’s keep taxes low and let’s cut spending.

We're all interconnected all right. ;}

But not like Paul imagines.

We do have the Top 50 000. We do have the Bottom 99%.

We don't have representative democracy.

Note how since Reagan the Concentration of Wealth is now at a Plutonium from Raw Uranium level.

And we're now at the point that the $ must be destroyed for the Wealthy to float their yachts (a bullshit story btw-seen anyone arrested for Bankster Fraud lately?;}

But destroy the $ and the US Empire is over. But Default the debt and the Top 50 000/USEmpire are over as well.

Happening now. ;}

mcgowanjm  posted on  2010-11-05   11:57:16 ET  Reply   Trace   Private Reply  


#14. To: lucysmom (#5)

We're paying over $3 a gallon now.

$2.955 here in mid-michigan and I just received a email alert projecting another increase to the $3.05-$3.15 range.

Monday I paid $2.749...

Never swear "allegiance" to anything other than the 'right to change your mind'!

Brian S  posted on  2010-11-05   12:00:59 ET  Reply   Trace   Private Reply  


#15. To: mcgowanjm (#13)

We do have the Top 50 000. We do have the Bottom 99%.

I'm beginning to think we can't afford the wealthy - they're costing us too much.

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson

lucysmom  posted on  2010-11-05   13:19:27 ET  Reply   Trace   Private Reply  


#16. To: lucysmom (#15)

I'm beginning to think we can't afford the wealthy - they're costing us too much.

Welcome to the Bottom 99% Revolution 8D:

We have Neo-liberals to the left and Neo-cons to the right, leaving 99% of us without representation.

And the saddest part of all, the system is now so rigged via campaign finance, lobbying and the revolving door that it is almost impossible for people who represent us to even get into office, let alone stay in office and enact policies that will bring change. Two politicians in Congress who actually fought for us against the Economic Elite just lost their reelection bids. Alan Grayson and Russ Feingold lost because record amounts of cash went to funding the candidates who ran against them.

http://ampedstatus.com/midterm-election-further-demonstrates-need-for-revolution

Olbermann just got pulled by MSNBC.

Notice a trend? ;}

mcgowanjm  posted on  2010-11-06   10:05:52 ET  Reply   Trace   Private Reply  


#17. To: mcgowanjm (#16)

Alan Grayson and Russ Feingold lost because record amounts of cash went to funding the candidates who ran against them.

Thanks. I was wondering what happened to those two.

Fred Mertz  posted on  2010-11-06   10:13:55 ET  Reply   Trace   Private Reply  


#18. To: Fred Mertz (#17)

Alan Grayson

The instant Grayson attacked the Fed.

Feingold tried to take credit for the ObamaCare Law. And showed why Dems are NOT talking about it:

"But the new Feingold ad touts Feingold’s support for aspects of the new law that have already taken effect and attacks GOP opponent Ron Johnson on the issue (Johnson wants to repeal the law). It's possible to watch the ad without knowing that it refers to the new health care law, which may be politically wise. Still, Feingold is banking on the notion that elements of the new law are popular -- and repealing them would be unpopular -- despite the poor to middling ratings the law receives overall in surveys."

mcgowanjm  posted on  2010-11-06   10:19:26 ET  Reply   Trace   Private Reply  


#19. To: Fred Mertz (#17)

Alan Grayson and Russ Feingold lost because record amounts of cash went to funding the candidates who ran against them.

They lost because they are assholes. They should be tarred and feathered.

A K A Stone  posted on  2010-11-06   10:20:44 ET  Reply   Trace   Private Reply  


#20. To: Fred Mertz (#17) (Edited)

Thanks. I was wondering what happened to those two.

libertysflame.com/cgi-bin/readart.cgi?ArtNum=14808

"It is ironic, of course, that the requirement to purchase insurance has become the centerpiece of Republicans’ condemnation of the new law and their court challenge of its constitutionality. Insurers have no reason to worry, however, because they fare very well when the Republicans are in charge. Their profits soared—as did the number of Americans who are uninsured and underinsured—during the Bush years and Republican control of Congress."

A Poll on this one issue would be 85:15 against.

mcgowanjm  posted on  2010-11-06   10:22:03 ET  Reply   Trace   Private Reply  


#21. To: A K A Stone (#19)

I can understand a leftwingnut supporting Feingold.

But Grayson?

He's a assholes asshole.

Which is why Freddie likes him, of course.

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-11-06   10:23:06 ET  Reply   Trace   Private Reply  


#22. To: All (#20)

"It is ironic, of course, that the requirement to purchase insurance has become the centerpiece of Republicans’ condemnation of the new law and their court challenge of its constitutionality. Insurers have no reason to worry, however, because they fare very well when the Republicans are in charge. Their profits soared—as did the number of Americans who are uninsured and underinsured—during the Bush years and Republican control of Congress."

A Poll on this one issue would be 85:15 against.

The Above was the CenterPiece quote of that article and I had to go thru more than 1/2 of same to find that quote.

They all know it. Call it the STAMP Mandate.

King George should've had such councilors. ;}

mcgowanjm  posted on  2010-11-06   10:25:09 ET  Reply   Trace   Private Reply  


#23. To: All (#22)

And of course, 'healthcare' is always a consequence of FOOD:

The FDA rejects constitutionalism even according to the diminished principles of “representative democracy”.

When I first read about Farm-to-Consumer’s lawsuit and saw these headings in the article:

a. There is No Right to Consume or Feed Children Any Particular Food b. There is No Generalized Right to Bodily and Physical Health c. There is No Fundamental Right to Freedom of Contract

I thought they were interpretative summaries. But nope – they’re verbatim from the brief’s outline.

When reading claims by the FDA, and wherever we see it claiming powers and even obligations the way it does in this brief, we should keep in mind that it has consistently refused to exercise such powers where it comes to large producers."

http://attempter.wordpress.com/

Cotton above $1.40 the lb. Unheard of. Soy closing in on $13 the bu. Corn attacking $6. Wheat going for $8 the bu.

Those are starving American prices. ;}

mcgowanjm  posted on  2010-11-06   10:29:20 ET  Reply   Trace   Private Reply  


#24. To: All (#23)

Cotton above $1.40 the lb. Unheard of. Soy closing in on $13 the bu. Corn attacking $6. Wheat going for $8 the bu.

Those are starving American prices. ;}

The problem, however, is that for the lowest 20% of Americans, as per the BLS, food and energy purchases represent over 50% of their after-tax income (a number which drops to 10% for the wealthiest twenty percentile). In other words should rampant liquidity end up pushing food and energy prices to double (something that is a distinct possibility currently), Ben Bernanke may have very well sentenced about 60 million Americans to a hungry and very cold winter, let alone having any resources to buy trinkets with the imaginary wealth effect which for over 80% of the US population will never come."

-zerohedge

mcgowanjm  posted on  2010-11-06   10:57:44 ET  Reply   Trace   Private Reply  


#25. To: Brian S (#0)

Glenn Beck was right...Weiner was wrong. NO surprise.

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-11-06   10:59:03 ET  Reply   Trace   Private Reply  


#26. To: A K A Stone (#19)

They lost because they are assholes.

You, an expert in that category, would know.

Fred Mertz  posted on  2010-11-06   11:02:42 ET  Reply   Trace   Private Reply  


#27. To: Fred Mertz (#26)

Yes I can spot you guys a mile away.

A K A Stone  posted on  2010-11-06   11:03:50 ET  Reply   Trace   Private Reply  


#28. To: Fred Mertz, A K A Stone, All (#26) (Edited)

The 'All' to those who don't want to be 'pinged'...sometimes 8D:

"But also note that the world in which the Fed wants to sell the bonds is also a world of rising inflation and therefore rising interest rates. This is the world of huge mark to market losses on the bonds themselves.

The Fed is saying don’t worry about mark to market losses because we will hold the bonds. The Fed is saying don’t worry about inflation because we will sell the bonds. Both of those statements cannot be true at the same time.

You can hold bonds and you can sell bonds but you can’t do both at once. You will want to sell when rates are going up but that’s when losses will be the greatest. So the time when you most want to sell is the time when you will most want to hold. The Fed may say they can finesse this by selling shorter maturities only to reduce money supply and holding onto longer maturities. But that just further degrades the quality of the Fed’s balance sheet and turns it into a one-way roach motel for highly volatile and junk assets.

So, here’s the bottom line on money printing, or QE if you prefer. If nothing happens, the whole thing was a waste of time. If inflation takes off, the Fed will have to choose between holding bonds and letting inflation get worse or selling bonds and going bankrupt in the process. Since no entity goes down without a fight, the Fed will naturally hold the bonds and let inflation take off. Do not ask about the exit strategy from QE; there is no exit.

Follow Jim Rickards on Twitter at twitter.com/JamesGRickards

% Rates Cannot go up w/o destroying the Fed.

But the $ can't show any weakness w/ ZIRP.

A destroyed $ means a destroyed Empire. And Starving Americans/Tent Cities/ Bonus Armies.

mcgowanjm  posted on  2010-11-06   11:13:51 ET  Reply   Trace   Private Reply  


#29. To: All (#28)

Ilargi:

" Yeah, the markets had a knee-jerk upward reaction. And that, or so it seems, is all anybody needs. Hyperinflation is sure to follow, or so they say. Then again, they said the same when QE1 occurred. Didn't happen, though. Will it this time? Will gold rise to the stratosphere? If so, who will buy? Bank of America? With your QE2 billions? Not very likely, they need that free cash to cover up increasing losses.

Is it that hard to understand, simple calculus? That every dollar spent ostensibly "on your behalf" will have to be paid back by you, even if not a penny of this, your own, money, went towards making your life better?

DEFLATION. An acre of Farmland for an OZ of Gold. ;}

mcgowanjm  posted on  2010-11-06   11:14:49 ET  Reply   Trace   Private Reply  


#30. To: mcgowanjm (#16)

Russ Feingold

I was truly shocked when he wasn't re-elected.

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson

lucysmom  posted on  2010-11-06   11:36:37 ET  Reply   Trace   Private Reply  


#31. To: All (#29)

See Japan for details on all the above. 8D

mcgowanjm  posted on  2010-11-06   11:38:06 ET  Reply   Trace   Private Reply  


#32. To: lucysmom (#30)

Russ Feingold

I was truly shocked when he wasn't re-elected.

I think Wisconsin just got tired.

They'll put up someone from the DemocraticFarmerLabor Party next.

After all, LaFollette came from Wisconsin. ;}

mcgowanjm  posted on  2010-11-06   11:39:58 ET  Reply   Trace   Private Reply  


#33. To: lucysmom (#30)

Russ Feingold

I was truly shocked when he wasn't re-elected.

I was happy. I hate enemies of free speech and the constitution. He was a pompous ass.

A K A Stone  posted on  2010-11-06   11:45:41 ET  Reply   Trace   Private Reply  


#34. To: A K A Stone (#33)

I was happy. I hate enemies of free speech and the constitution.

I'm sorry you don't know the difference between a human being and a corporation; the founding fathers wouldn't make that mistake.

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson

lucysmom  posted on  2010-11-06   11:52:34 ET  Reply   Trace   Private Reply  


#35. To: A K A Stone (#33)

I hate enemies of free speech and the constitution.

DELETED

Fred Mertz  posted on  2010-11-06   11:53:11 ET  Reply   Trace   Private Reply  


#36. To: Fred Mertz (#35)

LOL

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson

lucysmom  posted on  2010-11-06   11:55:29 ET  Reply   Trace   Private Reply  


#37. To: lucysmom (#34)

So since a corporation isn't a person you can't tax them right?

Be consistent.

A K A Stone  posted on  2010-11-06   11:57:40 ET  Reply   Trace   Private Reply  


#38. To: lucysmom (#30)

Russ Feingold I was truly shocked when he wasn't re-elected.

It was only obvious for the past year he was going to lose....(eyes rolling)

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-11-06   12:06:52 ET  Reply   Trace   Private Reply  


#39. To: lucysmom (#34)

I'm sorry you don't know the difference between a human being and a corporation; the founding fathers wouldn't make that mistake.

The Founding Fathers would be leading a rebellion against this regime.

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-11-06   12:07:41 ET  Reply   Trace   Private Reply  


#40. To: A K A Stone (#37)

So since a corporation isn't a person you can't tax them right?

Are taxes collected on humans?

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson

lucysmom  posted on  2010-11-06   12:08:14 ET  Reply   Trace   Private Reply  



      .
      .
      .

Comments (41 - 102) not displayed.

TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com