Tag: white

Hiding Details of Dubious Deal, U.S. Invokes National Security

Filed in AT T, Bank Gold, o by on February 20, 2011 0 Comments

A onetime biomedical technician with a penchant for gambling, Mr. Montgomery is at the center of a tale that features terrorism scares, secret White House briefings, backing from prominent Republicans, backdoor deal-making and fantastic-sounding computer technology. Interviews with more than two dozen current and former officials and business associates and a review of documents show that Mr. Montgomery and his associates received more than $20 million in government contracts by claiming that software he had developed could help stop Al Qaeda’s next attack on the United States. But the technology appears to have been a hoax, and a series of government agencies, including the Central Intelligence Agency and the Air Force, repeatedly missed the warning signs, the records and interviews show.

Continue Reading »

Browner out at the White House – Hansen bites back

Filed in Bank Gold, Gold, o by on January 25, 2011 0 Comments
Browner out at the White House – Hansen bites back

The plot thickens: White House aides Monday were mum about what would happen to the Office of Energy and Climate Change except to declare that Browner, a former Senate staffer to Al Gore, believed energy issues would remain front and … Continue reading →

Continue Reading »

Deficit Reduction Plan Promises Painful Prescription For U.S.

Filed in BP, o, silver by on November 12, 2010 0 Comments

A bipartisan White House commission this week announced a sweeping proposal to slash the federal deficit by hundreds of billions of dollars a year by taking aim at virtually every sacrosanct area of U.S tax and spending policy, including Social Security and Medicare, middle-class tax breaks and defense spending. But while the proposal has enough teeth to put a real dent in the mushrooming deficit, the political reality is that it has virtually no chance of passing through a divided Congress without major changes. ” Mathematically it apparently works…[but] politcally, it is going to have a lot of trouble getting support from more than just the two co-chairs ,” Stan Collender, a former Democratic House and Senate budget analyst and managing director of Qorvis Communications in Washington told Bloomberg News .

Continue Reading »

Obama Strips the ‘Creator’ from Declaration of Independence — Again

Filed in Gold, Gold Spot Market, obama by on October 20, 2010 0 Comments

Penny Starr CNS News Oct 20, 2010 For the second time in little over a month, President Barack Obama stripped the word “Creator” from the Declaration of Independence when giving a speech . “As wonderful as this land is here in the United States, as much as we have been blessed by the bounty of this magnificent continent that stretches from the Atlantic to the Pacific, what makes this place special is not something physical. It has to do with this idea that was started by 13 colonies that decided to throw off the yoke of an empire and said, ‘We hold these truths to be self-evident, that all men are created equal, that each of us are endowed with certain inalienable rights, that among these are life, liberty and the pursuit of happiness,’” Obama said in Monday’s speech. [Emphasis added.] The Declaration of Independence actually says , “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty, and the Pursuit of Happiness.” [Emphasis added.] When asked why the president did not use the words “endowed by their Creator” in his Monday speech, White House Press Secretary Robert Gibbs told reporters on Tuesday, “I haven’t seen the comments, Lester. But I can assure you the president believes in the Declaration of Independence.” Full article here Having A Supply Of Healthy Foods That Last Just Makes Sense (AD)

Continue Reading »

Commodities are Poised to Head Higher

Having lived through the 70s, it’s hard to look back on those days without having a good chuckle… What with disco, bell bottoms, and all of that hair, the “me decade” seems kind of comical compared to what followed it. But one thing that definitely wasn’t groovy back then was the misery index. Talk about a bummer. Created by economist Arthur Okun, the misery index was calculated by adding the unemployment rate to the inflation rate. Naturally, the higher the number turned out to be, the greater the level of misery. A 70s rerun But as it turned out, the misery index wasn’t just some tool used by economists to put a hard number on the suffering; in the hands of James Earl Carter, it actually became a ticket to the White House. During the presidential campaign of 1976, Candidate Carter made frequent references to the misery index, stating that no man responsible for a misery index that high had a right to even ask to be president. Of course, Carter was referring to President Gerald Ford, who presided over an economy with a score of almost 14% during the campaign. (In May of that year, the inflation rate was 6.2%, while unemployment rate stood at 7.40%.) The rest, as they say, is history— and as history provided the crack, Carter waltzed right through it. But by the election of 1980, Carter’s own words turned on him as he lost in a landslide to Ronald Reagan. Under Carter, the misery index had reached an all-time high of 21.98%, giving a whole new meaning to the word malaise . Some 34 years later, history might be on the verge of repeating itself again because of higher commodity prices. Because with the unemployment rate stuck seemingly in the 9%-10% range, and the Fed working overtime to create inflation, the misery index is on the cusp of a comeback in the familiar form of stagflation. Stagflation, of course, is the worst-case scenario. In short, it’s a period during which …

Continue Reading »

Asiatic Adventurism, Part I

Filed in currencies, deflation, democrats, economy, obama, Spot Gold, US Dollar, yuan by on October 5, 2010 0 Comments

Just when we think Democrats can’t do any more to damage the economy and Republicans cannot be any more gullible, the boys and girls in the House of Representatives get together, 348 to 79, to pass a bill so stupid the mind reels. The only thing I can think of worse would have been a declaration of war against a land mass in Asia. Uh…come to think of it, that’s what they did, without the threat of invasion and intercontinental ballistic missiles. They declared a currency and economic war. One which I expect to be every bit as successful as the punitive tariffs on tires some months ago. Mr. Obama fired the opening salvo last week, urging Chinese Premier Wen Jiabao “to speed up the revaluation of the yuan, telling him in a two-hour meeting at the United Nations that the slow pace of reforms was affecting both global and U.S. economies.” I’m going to give you a lot of quotes in this article because they are simply too hilarious to pass up. According to CNNMoney, “Lawmakers say China’s currency is unfairly cheap and passed a measure Wednesday that opens the door to tariffs that aim to help U.S. companies compete. The legislation, which authorizes the Commerce Department to impose duties on imports from countries with undervalued currencies, passed the House of Representatives by a vote of 348 to 79. The Senate, however, is not expected to take up the issue until later this year.” The article continues…

Continue Reading »

Market Wrap-Up for Sept.22 (GIS, MS, FCX, BHP, DRI, PNC, GS, more)

Market Wrap-Up for Sept.22 (GIS, MS, FCX, BHP, DRI, PNC, GS, more)

The markets saw a bit of a pullback today on the overhang of yesterday’s Federal Reserve commentary that featured the dreaded “D-Word” – Deflation. We also had news out this morning that White House economic adviser Lawrence Summers will leave the Obama administration at the end of the year. The timing of the move is a bit troubling as the economic recovery is still a bit bumpy (despite the report out yesterday the Recession had ended in 2009). It’s interesting that Mr. Summers’ resignation announcement came on the day after the “recession ended” announcement. These factors are likely pulling the markets down so far today. Getting into some specific dividend names, General Mills ( GIS ) traded higher following the company’s Q1 results, while shares of Darden Restaurants ( DRI ) pushed lower on their earnings’ report. Elsewhere, the commodity sector outperformed other sectors today, with Freeport McMoran ( FCX ) and BHP Billiton ( BHP ) bucking the early selling. The financial sector has fallen back into a shell once again. Leading the way lower were shares of Goldman Sachs ( GS ) – following an analyst cutting estimates for Goldman as well as Morgan Stanley ( MS ) . PNC Financial ( PNC ) and Metlife ( MET ) were also laggards. We recently unveiled a brand new section on our site, Learn to be Rich! , available exclusively to Dividend.com Premium members. In this new feature, we share tons of money-saving and income-generating tips that can generate thousands of dollars a year for. Be sure to check it out. Thanks for reading! Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Palladium Outlook for 2011: Demand Up, Supply Down

Filed in copper, Gold, GOld juniors, miners, platinum, Rio Tinto, silver, ubs, upgrade by on September 17, 2010 0 Comments
Palladium Outlook for 2011: Demand Up, Supply Down

The Russians might be tapped out of one of their most precious natural resources… Palladium. And now that the country won’t be able to supply the market, palladium prices could be headed for an explosive increase. For investors, there’s a small window of opportunity to get in before prices really start to take off. I’ll give you one idea on how to yield maximum profit in just a minute… But before I do that, it’s important for you to understand why palladium prices are set to continue rising— and how I think this will help you turn a healthy profit from my latest investment idea. Palladium: A new precious metal investment angle Even though it’s considered a “precious metal,” palladium is not used for jewelry as much as gold and silver are. Rather, the white metal is primarily used in consumer and industrial goods. Palladium is often found in electronics — cell phones, LCD TVs, laptops, iPods, DVD players, monitors… There’s no doubt that you have several electronic devices nearby, as you read this, that are filled with palladium. But the primary application for palladium is in the manufacturing of automobile catalytic converters, which convert up to 90% of harmful gases from auto exhaust (like carbon monoxide) into less harmful substances. In fact half of annual worldwide palladium supplies go into the production of autocatalysts. As such, palladium demand is generally correlated to the health of the global auto industry, which has strongly rebounded this year. Vehicle sales in every one of the top ten auto markets in the world are increasing: The U.S. auto market, where sales have climbed 8.4% in the first eight months of 2010 to almost 7.7 million units. China, the largest car market in the world, increased auto sales by 39.0% in the January-August 2010 period to 11.6 million units. Domestic monthly sales of new cars, trucks, and buses in Japan, the world’s #3 auto market, increased 46.7% in August 2010 from a year earlier — the highest monthly gain since 1972. This was the 13 th straight month of increased auto sales in the country. Overall, global light vehicle production is expected to increase 60% through 2016. Take a look: As the global auto industry continues to recover, the demand for palladium will increase with the growing demand for catalytic converters. The recovery of the global auto industry will push the demand for palladium higher. But the world’s palladium resources are extremely limited. About 80% of the global palladium supply comes from just two countries: South Africa and Russia. The largest palladium reserves in the world are in the Bushveld Complex in South Africa. But half of the global supply of palladium comes from just three sources in Russia: Norilsk Nickel (OTCBB: NILSY) the Russian State Precious Metals and Gemstones Repository (Gokhran) the Russian Central Bank Norilsk Nickel is the largest palladium producer in the world. Each year, the company produces about 2.5 million ounces of palladium— enough to satisfy a whopping 40% of total global demand. But Norilsk’s palladium production isn’t enough to meet rapidly growing demand from the auto industry, so Russia fills the deficit from Gokran and the Russian Central Bank. However, industry insiders are now suggesting that there will be no sales from Russia’s palladium stockpiles in 2011, indicating…

Continue Reading »

The morphology of “global warming”

Filed in Bank Gold, Gold, obama by on September 16, 2010 0 Comments
The morphology of “global warming”

Obama’s science Czar John Holdren has decided the new name for global warming, er, climate change shall be: Because the first two didn’t work apparently. (CNSNews.com) – John Holdren, director of the White House Office of Science and Technology Policy, … Continue reading →

Continue Reading »

Our Game Plan for Financial Stocks

Filed in economy, Gold Market, jp morgan, recession by on August 30, 2010 0 Comments

Buy financials for the near term. This is an election year. That means we’re likely to see two things happen before November 2010… We’re likely to see quantitative easing— again — which will goose the market as it did in March 2009. We’re also likely to see the White House step in — again — and goose the battered housing market before housing realities set in again. Advertisement 338% in 8 Days, 141% in 7 Days, 221% in 9 Days… Those are actual gains made by readers of Ian Cooper’s options trading services. His strategy has proven to be so popular, that he’s giving you a chance to learn all about trading options — ABSOLUTELY FREE . He’s put together a how-to guide that documents the lucrative and misunderstood world of options, and it can be yours for free just by clicking here . We can’t keep throwing money at the problem… and hope that it works out But so long as the White House kicks the can down the road, here’s some immediate-term good news for housing and financials. Some time this week, according to the Housing and Urban Development Secretary Shaun Donovan, the Obama Administration could unleash two new initiatives to help the crumbling market: “We’re going to be rolling out an FHA refinancing effort to help borrowers who are under water in their homes get above water,” Donovan said. “And second, we’re launching an emergency homeowners’ loan program for unemployed borrowers to be able to stay in their homes.” (Because past programs have worked so well?) Unfortunately, leaving the housing market alone and letting it crumble as it will anyway isn’t an option… The door is now also open to reviving the $8,000 tax credit for first time homebuyers. This will only temporarily fix the problem. And as we saw with the last expiring credit, housing will resume its slide on credit expiration. Short financial stocks… once the “hype” wears off We — along with Meredith Whitney — don’t believe major banks are prepared…

Continue Reading »

GOP plans wave of White House probes

Filed in Bank Gold, gld, Gold by on August 27, 2010 0 Comments

Politico | Republicans are planning a wave of committee investigations targeting the White House and Democratic allies if they win back the majority.

Continue Reading »

Avoiding the Looming Disaster of Social Security

Filed in Debt, deflation, Federal Reserve, New Gold, shares, silver, Spot Gold by on August 25, 2010 0 Comments

Because of failure to heed the limitations of the U.S. Constitution, which has produced runaway federal spending, our nation sits on the precipice of disaster. Former Senator Alan Simpson of Wyoming and Erskine Bowles, White House chief of staff under President Bill Clinton, co-chairmen of President Obama’s debt and deficit commission, in a Washington Post article “Obama’s Debt Commission Warns of Fiscal ‘Cancer’” (July 12, 2010) said that “(A)t present, federal revenue is fully consumed by three programs: Social Security, Medicare and Medicaid. The rest of the federal government, including fighting two wars, homeland security, education, art, culture, you name it, veterans – the whole rest of the discretionary budget is being financed by China and other countries.” The commission added the current budget trend is a disaster “that will destroy the country from within” unless checked by tough action in Washington. The tough action required is spending cuts in programs, including the so-called nondiscretionary, eating most of the federal revenues. Federal tax receipts for 2009 totaled $2.1 trillion. The largest items in the federal budget were Social Security ($710 billion), national defense ($689 billion), Medicare ($456 billion) and Medicaid ($327 billion). The primary recipients of federal spending are seniors. Many of my readers have written me to argue that it’s unfair to characterize what seniors are getting as handouts because they worked all their lives and paid into Social Security and Medicare. Jagadeesh Gokhale, senior economic adviser, Federal Reserve Bank of Cleveland; and Laurence J. Kotlikoff, professor of Economics at Boston University document the looming Social Security and Medicare crises in “Is War Between Generations Inevitable?”…

Continue Reading »