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Gold Standard Comeback Enjoys Support

Published: Thursday, 1 Sep 2011 | 12:32 PM ET
By: Jessica Naziri
Special to CNBC.com

An age-old idea — the gold standard — is attracting new fans, amid growing investor concern that enormous government borrowing is weakening the dollar and spark hyper-inflation.

The day of realization is coming, James Grant, editor Grant's Interest Rate Observer told CNBC Thursday. "What can be said for the gold standard is that it is time tested. It has monetary properties. It worked imperfectly but consistently for a 100 years until it was interrupted," said Grant

The old standard, which fell out of use by the 1930s, was conceived to control money supply growth (and thus inflation and asset bubbles) by requiring currencies be backed by physical gold.

The concept has gained new currency in the wake of the 2008 financial crisis wherein governments and central banks tried to stimulate economic growth through extraordinary fiscal and monetary stimuli.

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"The human society is going to recognize that current monetary arrangements are defective and are robbing us of the dynamism that this country has been known for," Grant noted.

According to Grant, under a gold standard, a given country can fix its currency to a given quantity of gold. However, in an event of a recession, governments would be powerless to print money under the gold standard.

"Under a proper gold standard the government would have to fund itself and the open market would not do it," he concluded.

goldbadgelink

The gold standard would limit the amount of debt the government could issue, Grant said.

"What we want is a monetary system that is objective, that we can understand, that has at its bottom as its root — something that we can recognize as money. Gold is recognized as money," he added.

http://www.cnbc.com//id/44356270

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---------- Forwarded message ----------
From: Beowulf <beowulf@westerndefense.net>
Date: Wed, Jan 4, 2012 at 4:30 PM
Subject: [grendelreport] The Noose Tightens: NH legislators challenge Obama's eligibility
To: grendelreport@yahoogroups.com


 

 

 

New post on Fellowship of the Minds

 

The Noose Tightens: NH legislators challenge Obama's eligibility

by Dr. Eowyn

There may be a grand conspiracy — by the Democratic and Republican parties, the Supreme Court, the U.S. Army, the Social Security Administration and, of course, the media -- not to verify and investigate Obama's constitutional eligibility to to be President of the United States of America. But our ingenious Founding Fathers had founded a political system of many built-in checks and balances, which are the resorts of countless dedicated patriots who are determined to thwart the conspiracy.

Yesterday, a valiant judge in Georgia did what all previous Obama eligibility judges had refused to. Michael Malihi, Deputy Chief Judge of the Administrative Court in Georgia, ruled in four eligibility cases that Obama's motion to dismiss is denied. This means Obama will have to stand trial and prove his eligibility for office.

At the same time, three New Hampshire state legislators -- Representatives Laurence Rappaport, Carol Vita, and Lucien Vita -- delivered an affidavit to the NH Attorney General Michael Delaney's office regarding their belief that the people of New Hampshire had been "defrauded" by Obama. In the press conference that followed the delivery of their affidavit, Rep. Rappaport said:

·        The affidavit states the three had met with AG Delaney in 2009 to ask him investigate Obama's constitutional eligibility to be President, specifically whether he indeed is a "natural born" U.S. citizen. That term is understood to mean both parents must be U.S. citizens at the time of the child's (Obama's) birth. But Delaney demurred, saying that Obama's eligibility is a "federal matter."

·        More recently, on November 18, 2011, the three state representatives had met with NH's Ballot Law Commission to review their complaint about Obama being on the state's primary ballot. But the Commission denied their appeal on the grounds that it is not in their purview to determine whether a person on the state's ballot is a natural born citizen.

·        However, the Commission has acted inconsistently in that on two occasions -- November 15, 2007 and July 19, 2011 -- the Commission had disqualified two individuals from being on the ballot because the two men are not natural born citizens. And yet both the Ballot Law Commission and the Attorney General continue to refuse to look into whether Obama is qualified.

Rep. Rappaport vows to pursue this matter up to the Supreme Court.

Send an e-mail of support to these three state representatives! Here's their e-addresses:

·        Rep. Laurence Rappaport: rapp@lmr.com

 

·        Carol and Lucien Vita: lcvita2@earthlink.net

 

H/t our beloved Tina and Obama State Ballot Challenge 2012.

~Eowyn

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Unbelieveable!

http://tinyurl.com/6ru7oz8

U.S. Border Patrol Replaces Guns with NLAIM Paint Markers

The U.S. Border Patrol Agency has been ordered to "give up its guns", starting this summer. In a surprise directive issued this morning, the Department of Homeland Security (DHS), parent agency of the Border Patrol, announced that up to one-half of U.S. Border Patrol Agents will be required to turn in their firearms, starting August 1, 2011. The current issue sidearm of the Border Patrol is the HK P2000 LEM in .40 SW, but Agents many also carry rifles and shotguns. Duty Weapons will be replaced by non-lethal dye markers, similar to paintball guns.

Agents to Be Disarmed in Border Areas
Speaking at a Washington, DC press conference, Homeland Security Director Janet Napolitano stated that stripping the Border Patrol of lethal weapons reflects the "long-stated objective of this Adminstration to value human life over all other lesser considerations." Napolitano stressed that the Border Patrol would not be required to give up all its firearms. The Patrol would still maintain pistols, rifles, and shotguns in "secure lock-ups" removed from the "immediate border area".

The goal of the policy shift, Napolitano stated, is to eliminate the risk of accidental or unintentional injury to "wayward travelers and undocumented citizens". Napolitano denied that confiscation of Border Patrol Agents' firearms was a response to "trigger-happy men in green". Napolitano stated: "I have the greatest faith in our men and women in the Border force", adding that "we are now giving those Agents viable non-lethal technologies with which they can carry out their duties".

Firearms Replaced by Non-Lethal Alien Immigrant Marker System (NLAIM)
The technologies cited by Director Napolitano include the new Non-Lethal Alien Immigrant Marker (NLAIM) which will be provided to Border Patrol agents on the "front line", i.e. those who actively patrol the southern border. The NLAIM is a pneumatic device that propels small, liquid-filled marker balls at effective ranges up to 50 feet. Once released, the liquid inside the balls leaves a highly-visible, long-lasting dye mark on anything it contacts. In addition, the dye marker solution is activated by body heat so it literally "glows in the dark" when viewed through night-vision optics.

Is NLAIM Technology Really Something New?
Critics of NLAIM technology claim that NLAIM devices are merely over-priced versions of recreational paintball guns, many of which sell for under $200.00. NLAIMs, which will be provided in both pistol and carbine configurations, cost nearly $2700.00 each, not including transport modules. A total of 10,000 NLAIMs will be delivered to the Border Patrol under a no-bid DHS contract valued at $26.8 million dollars. Some of that cost will be offset by revenues earned from the recycling of current Border Patrol firearms which will be decommissioned, melted down, and sold for scrap.

Chief Border Patrol Agent Randall Sikes (Del Rio Sector) defended the switch from conventional firearms to NLAIMs. Sikes stated that: "Hey, these aren't just run-of-the-mill paintball guns — I mean these babies are state-of-the-art. Plus you can't buy our day/night ammo balls in any paintball store. You think glow in the dark capability comes easy? The NLAIM is a sophisticated law enforcement tool, not a toy."

Sikes also said that the NLAIM lets an Agent respond more effectively than ever before to a border incident. "Look, with a real gun, I mean you can either point it, or shoot it, and we don't want the latter. The border-crossers we face know we won't shoot them, so they just run away. At least now we can color-tag them and the choppers can chase 'em down. We get the job done and no one gets hurt. Plus the NLAIMs are a hoot to shoot. It's a win-win."

The United States Border Patrol is a federal law enforcement agency within U.S. Customs and Border Protection (CBP), a component of the Department of Homeland Security (DHS). Currently, the U.S. Border Patrol employs over 20,200 agents, who are specifically responsible for patrolling the 6,000 miles of Mexican and Canadian international land borders. Agents are assigned primarily to the Mexico–United States border. There are 20 Border Patrol sectors, each headed by a Sector Chief Patrol Agent. Currently, U.S. Customs and Border Protection has more sworn law enforcement officers than any other agency in the U.S. Federal government.

 

 


 


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http://www.redstate.com/aglanon/2011/11/21/obama-administration-sends-weapons-contract-to-foreign-company-with-ties-to-iran/

 

Obama Administration Sends Weapons Contract to Foreign Company with Ties to Iran


What the heck? It's only our national security.

Posted by Ben Howe (Diary)

Monday, November 21st at 6:00AM EST

28 Comments


Late Thursday night, American company Hawker Beechcraft was informed by the U.S. Air Force that they were not going to be allowed to compete for an American military aircraft contract.

The Air Force has notified Hawker Beechcraft Corp. that its Beechcraft AT-6 has been excluded from competition to build a light attack aircraft, a contract worth nearly $1 billion, the company said.

The company had been working with the Air Force for two years and spent over $100 million to ensure compliance with the requirements for the plane and says the craft (Beechcraft AT-6) met all requirements as shown through a demonstration actually led by the Air National Guard.

"We have followed the Air Force's guidance close, and based on what we have seen, we continue to believe that we submitted the most capable, affordable and sustainable light attack aircraft," the company said.

Keep in mind, this doesn't appear to be a question of being outbid or outclassed. In fact, this seems to be a classic example of a contract being awarded without any bidding process at all, something you may remember infuriated the left when the recipient of the contract was American company Haliburton.

There's a big difference this time. The company the no-bid contract went to isn't an American company. Worse yet, the company it did go to has questionable friends. Namely, Iran.

Embraer, a Brazilian aerospace giant which is currently under investigation for potentially making illegal payments to obtain government contracts, is essentially owned by the Brazilian government. Through their "Golden Share," Brazil essentially has control over the company's business operations.

According to Embraer's website, that Golden Share provision empowers the Brazilian government with veto rights over: "Creation and/or alteration of military programs, whether or not involving the Federative Republic of Brazil;" "Development of third parties´ skills in technology for military programs;" and "Interruption of the supply of maintenance and replacement parts for military aircraft," among other things.

But Brazil has their own explaining to do regarding their long and sordid history with the rogue country of Iran.

According to the Council on Hemispheric Affairs, "In 1989, Brazil chose to sell Tucanos, Embraer's relatively low cost and basic military aircraft, to Iran." Currently, the Islamic Revolutionary Guard Corps Air Force operates around 40 Embraer T-27 Tucanos, according to the Washington Institute. In fact, the Iranians use the Tucano as their primary close air support aircraft.

In recent years, Brazil has continued its troubling friendship with Iran and ruthless leader Mahmoud Ahmadinejad. The Hudson Institute notes that, "Another area of tension between Brazil and the United States relates to Iran. In November 2009, President da Silva invited Iranian President Mahmoud Ahmadinejad to Brazil. In May 2010, da Silva helped broker a deal in which Iran would ship only a portion of its low-enriched uranium to Turkey for reprocessing; the rest would remain in Iranian hands, where it could be further enriched for nuclear weapon production."

According to the Financial Times, building war planes is actually part of an industry that Embraer is fairly new to as they are only just "venturing into the defence industry." Yet, the U.S. government has found them to be more capable and trustworthy than an American manufacturer that already builds hundreds of U.S. military aircrafts and would employ as many as 1,400 new workers across 20 states.

To make matters worse, Hawker was already experiencing trouble as a result of the tumultuous economy and had already announced potential layoffs. With news that they won't be offered the opportunity to compete as the only American manufacturer for the light air craft contract, expect more bad news to come out of their offices.

Of course, the employees of Hawker Beechraft may not be on President Obama's nice list these days anyway. It turns out that Hawker Beechcraft employees are represented by the International Association of Machinists (IAM). IAM president, Tom Buffenbarger, is one of the few union presidents without direct access to the White House. Here's why:




For the video impaired, here's the takeaway:

"Barack so loved his own performance that he made Galesburg part of his presidential stump speech. That's right, he's damn proud of his performance. Well I'm not. All he proved is like Janus, the two-faced Roman god of ancient times. He could act like a friend to the workin' man. Even as he danced to tune dictated by billionaires. Yes, we've seen this act before."

Curious that the Obama administration would push an American manufacturing company who'd been trusted in the past in favor of a company run by a government directly involved in the continuing move towards nuclear capabilities by the nation most hostile to American interests.

Then again, with a President that is known for awarding favors to allies and punishing enemies that don't kiss the ring, perhaps it's not that surprising at all.

 


 


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Here you go Plaino.  No charge for shippig



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New post on Bare Naked Islam

In Afghanistan, the number 39 is a dirty word

by barenakedislam

Just as many Americans avoid the number 13, a growing number of people in this wartorn country fear number 39 as it is associated with prostitution. HUFFPO  "This was a very small issue. Now it has grown big," Haji Wafa, head of Car Dealer's Union 218, told Al Jazeera. If a car has a "39" anywhere on [...]

Read more of this post

barenakedislam | January 4, 2012 at 2:58 PM | Categories: IslamoMania | URL: http://wp.me/peHnV-Etv

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New post on Political Vel Craft

BREAKING => Obama Must Produce Long Form Vault Birth Certificate In Open Court January 26, 2012.

by Volubrjotr

Today, Judge Malihi DENIED Obama's motion to dismiss. This means that on the 26th of this month this will be heard in open court!!! Affidavit - Official Challenge to Barack Obama being placed on the Georgia Primary Ballot Chief Judge Michael Malihi: ORDER ON MOTION TO DISMISS On December 15, 2011, Defendant, President Barack Obama, [...]

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I thought US President Obama said the USA is not a Christian Nation????
Almost fooled me!!!
How long do we remain the "SILENT MAJORITY"????

 

This is great... this map gives you the percentage of Christians and all faiths in each state...Click on the following and see the different religions by state and elsewhere by holding the cursor over a state.

http://www.usatoday.com/news/graphics/pew-religion-08/flash.htm <http://www.usatoday.com/news/graphics/pew-religion-08/flash.htm>

Now ask yourself, why are we allowing our government and special interest groups i.e. ACLU to take God out of culture and schools?  We need to step up people!!!!!!!!!!!  Send this all over the nation and the world!!  Let them all see!!!!!!!

 





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I think she should be given a $50,000 reward for saving the state at least that much money on trials and imprisionment of that trash.



http://www.huffingtonpost.com/2012/01/04/mom-kills-intruder_n_1183336.html?icid=maing-grid7%7Cnetscape%7Cdl1%7Csec1_lnk3%26pLid%3D124743

 

911 Tells Mom 'Do What You Have To Do': Okla. Mom Sarah McKinley Kills Intruder Justin Martin

First Posted: 01/ 4/12 10:52 AM ET Updated: 01/ 4/12 12:57 PM ET

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A teenaged mother shot and killed an intruder after a 911 operator said she was allowed to defend her infant son and herself with force.

Sarah McKinley, 18, killed Justin Martin with a single gunshot wound on New Year's Eve when he forced his way into her Blanchard, Okla. home and came at her with a long hunting knife, ABC News reports.

The deadly encounter occurred about a week after the young mom's husband died of cancer, according to TV station KOCO. Martin darkened McKinley's door on the day of her husband's funeral. several days before the shooting He claimed he was a neighbor who wanted to say hello, but she didn't open the door.

Martin returned with an accomplice on Dec. 31 and tried to force their way into the modest house. When McKinley heard the men trying to break in, she called 911.

She also holed up in her bedroom with a 12-gauge shotgun and a pistol while she put a bottle in her three-month-old son's mouth.

"I've got two guns in my hand -- is it okay to shoot him if he comes in this door?" McKinley asked the operator.

"I can't tell you that you can do that but you do what you have to do to protect your baby," the dispatcher told McKinley after she asked a second time. The call went on for 21 minutes as the men powered their way into McKinley's house.

Eventually, Martin kicked in the door and charged at her with a knife, but she shot before he could injure her.

Police found Martin slumped over a couch McKinley used to barricade the door and pronounced him dead on the scene, TV station News 9 reports. They said McKinley's use of forced was justified.

Martin's alleged accomplice, Dustin Stewart fled when he heard the gunshot and later surrendered to police, according to The Oklahoman. Stewart was charged with burglary.

 


 


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Apparently the trend in Israel recently is to expand its claim to
include not only the property of Jews who left Arab countries six
decades ago, but also the property that Jews owned in Arabia — now
Saudi Arabia — since the time of the prophet 14 centuries ago.
Israel intends to present the Saudi government with a compensation
bill of more than $100 billion for Jewish properties in the kingdom
since the time of Prophet Mohammad.
Iran will be pursued for compensation as well. The report says that
compensation for the "alleged hundreds of dead and missing Iranian
Jews in Iran whose fates are unknown will be set at $100m".
That brings the total amount sought by Israel to just over $400
billion.

http://english.alarabiya.net/views/2012/01/04/186277.html

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