Gold’s explosive move to new nominal heights reflects more than an expansion of the European sovereign debt crisis and Standard & Poor’s downgrade of U.S. debt. It also reflects the expectation of massive liquidity injections — in the U.S., in Europe and around the world — to pay off the massive debts that have been accumulated.
You might have missed it amid the roar of Democratic rage over the past couple weeks, but super-liberal activist Ralph Nader suggested Obama might face a challenger in 2012, saying: “I would guess that the chances of there being a challenge to Obama in the primary are almost 100 percent.”
The meme of the week, that the Standard & Poor’s downgrade of the United States’ sovereign credit rating was caused by the Tea Party, is absurd. First, S&P and its rating system are irrelevant. This is the same ratings agency that gave A ratings to Lehman Brothers and other teetering banks right before they crashed and burned in 2008.
I must admit, as appalling as I find most of what the Democrats pass off as political rhetoric, I do enjoy when they start repeating talking points in perfect unison. Witness, if you will, the aftermath of Standard & Poor’s decision to downgrade America’s credit rating from AAA to AA+. Liberals immediately blamed the fiscal fail on the Tea Party in specific and the GOP in general.
A woman in South Carolina is facing a jury trial for choosing to decorate her truck with an object that the local police chief believes is obscene. I feel that obscenity laws are like the Federal government’s own proverbial gateway drugs: First it makes obscenity laws, then there is systemic censorship, then the Constitution is being rewritten to leave out the 1st Amendment altogether.
Representative Gabby Giffords made a miraculous recovery and retook her place among her colleagues in a remarkably short span, and Democratic mouthpiece Chris Matthews celebrated her return to the House floor by resurrecting the rhetoric of “conservatives = terrorists.”
I have a friend who suffers from migraines (not Rep. Michele Bachmann, though I’m sure she’s a delightful person). For years, she sought answers from Conventional Medicine, until she got some unusual advice in an emergency room.
Last week, Chip Wood detailed his disgust with the ongoing budget “crisis” in his column. Chip pointed out the basic mendacity with which the Democrats approached every aspect of fiscally managing the Federal coffers. I happen to agree with Chip. I’m also meaner than he is, so I’ll go one step further: Grow up, Washington.
If you have a bag of walnuts sitting in your food pantry, you need to move them quickly. They belong in your medicine cabinet. At least that’s the view of the Food and Drug Administration, which last year sent a warning letter to Diamond Foods, Inc., because the packaging “misbranded” the product, causing them to be drugs.
Fortunately for you and me, there are abundant resources available to help us prepare for the worst, while hoping for the… less worse. Our own site has Peggy Layton’s food and storage tips plus an entire section on emergency preparedness.