tell us the truth!

House Speaker Nancy Pelosi said the other day

The American people should not be punished at the pump for the actions of oil speculators.

Quit signing bills that Congress has no authority signing! Printing all this money has CONSEQUENCES. Adding four trillion dollars to the national debt in the last three years might have something to do with it... The Arabs are not stupid. The more money you add to circulation, the more the price of oil is going to rise. It is that simple. Please quit misinforming the American people; FOX News doesn't need your help.

H.J. Res 362

i just wrote my representatives; Keith Ellision, Amy Klobuchar, and Norm Coleman. you can find out your representatives here:

http://www.visi.com/juan/congress/

here is what i was contacting them about:

http://thomas.loc.gov/cgi-bin/query/z?c110:H.CON.RES.362:

here is the letter i sent:

I am strongly against resolution H.J. Res 362; dealing with tremendous sanctions, and boycotts and embargoes on the Iranians. I do not think the United States has the authority or the resources to carry out this resolution.

As inflation looms, I do not think it is wise for the government to exponentially add to the national debt. We have added 4 trillion dollar in the last 3 years. What kind of country are we leaving for our children? What does peace in the Middle-East mean if America's greatest asset, the middle class, is being wiped out.

Is it moral to support preemptive war? This seems very familiar to Iraq, where we had sanctions for ten years and then went in under false pre-tenses. Remembering that we never found weapons of mass destruction; the CIA in 2006 and the NIE in 2007 are both saying they do not have conclusive evidence that Iran is pursuing nuclear weapons.

H.J. Res 362 has very serious implications and could have unintended consequences. I greatly fear our future as we continually meddle in the Middle East.

In support of Liberty,

Robert Nogler

gold

i've hassled matt to get into gold for a while and not sure if he has taken me up on it. whether or not you agree with the below, i guess knowing these facts cannot hurt...

this one shows how the banks have been destroyed, but the last one is the most interesting. it shows the gold/crude ratio is way down
http://www.jsmineset.com/cwsimages/Miscfiles/6315_DanChartsJune27-08.pdf

about 1/3 of the way into it there is a graph showing dow/gold ratio is almost at a 13 year low.
http://www.jsmineset.com/cwsimages/Miscfiles/6314_Charts_for_6-27-2008.pdf

i personally think the powers that be have an interest to keep gold down as it is a inflationary indicator. and remember the national debt is increasing on average 1.33 billion dollars a day since sept 28, 2007 and ron paul the other day said in the last 3 years we have added 4 trillion dollars of new money. with all money added to circulation one can only wonder... just look below at how much specific commodities are up. gold is only up 6%. compare it to others.

Score Board -- percentage change for the year, so far, in various items:

• Crude oil up 42.5%
• Ethanol up 20.7%
• Heating oil up 43.9%
• Natural gas up 76.5%
• Unleaded gas up 39.5%
• Cattle up 1.0%
• Corn up 58.8%
• Soy beans up; 26.4%
• Coffee up 5.9%
• Aluminum up 32.7%
• Copper up 25.7%
• Platinum up 33.4%
• Gold up 6.0%
• Silver up 13.4%.
• S&P 500 down 10.24%
• Frankfurt DAX down 18.32%
• London FTSE down 12.23%
• Paris CAC down 19.64%
• Hong Kong Hang Sang down 18.33%.
• Tokyo Nikkei down 9.47%
• Singapore Straits down 14.04%.
• Seoul Composite down 9.57%
• Sydney All Ordinary down 15.76%
• Taipei Telex down 7.40%

this what i own. let me know if you have questions. i honestly don't tons about all the companies, but in a bull market the sector benefits.

ticker - company name - # shares i own
AUY - YAMANA GOLD INC - 770 - gold mining
DNN - DENISON MINES CORP SHARES - 200 - uranium exploration
GLD - SPDR GOLD TRUST GOLD SHARES 50 - shares are backed by gold
JINFF - JINSHAN GOLD MINES INC - 2,400 - gold mining
KGC - KINROSS GOLD CORP NO PAR - 360 - gold mining
NAK - NORTHERN DYNASTY MINERALS LIMITED NEW - 500 - mineral exploration
URZ - URANERZ ENERGY CORPORATION - 100 - uranium and mineral exploration
VCTPF - VALCENT PRODUCTS INC - 900 - biofuel and urban farms

rates

By Scott Lanman June 26 (Bloomberg) -- The Federal Reserve is sounding the alarm on inflation without committing to raise interest rates.

bernanke is a pussy. i dare you to raise rates and kiss your banker friends goodbye. LMAO.

http://www.bloomberg.com/apps/news?pid=20601087&sid=ajTzXTgDbLHU&refer=home

prediction

i predict the dow will drop a grand (1k) in a single day some time in the next month. bernanke is screwed if he raises rates or if he drops them. and now that he is hawkish on the dollar the public will lose confidence when they find out he is full of lies.

UPDATE: it looks like the dow was around 12154 on june 12th 2008. and on friday 27, 2008 it closed at 11346. so it has almost fallen 1k since. it is really hard to tell if things happen gradually or happen all of a sudden...