The free market system, or is it any more, with the government now the largest stockholder in GMAC.  Here we go again with the government buying in to yet another major corporation, you may ask yourself how does this effect business and the stock market. Well go figure with the governments continued involvement in major auto makers and banks and financial companies the ripple effect will be felt coast to coast. You may ask yourself how can other companies compete with the federal government or the companies they are vested in, and if the government has selected companies to back is it really a free market any more or are we already becoming a socialist society under Obama. GMAC has received $13.5 billion so far and is looking to receive another $3 to $4 billion this time, wow, what are they thinking or are they really considering the implications of investing billions in another failing financial institution.

In an interview Adam Steer of Credit Sights questions why GMAC needs the money, as the losses GMAC is claiming are not from the automotive sector of the company rather from ResCap which is a failing home lending sector of the company. Steer suggest that GMAC cut ties with the home lender or put ResCap in bankruptcy rather than pouring billions into the failing company.

The CFO of the GMAC Robert Hull even stated they need to find a solution for ResCap as they are facing their eighth bad quarter as of November, while GMAC’s automotive sector is showing a profit. The question is why when ResCap has had eight failing quarters in a row is the government going to invest billions more to save a failing organization. An more to the point if the automotive sectors of GMAC are showing a profit, why are they not bailing out ResCap rather than putting their hand out to the US government and tax payers again. Could it be that the government is sitting there with an open check book and offering money to anyone that ask for it with not thought of the implications to the future of the country and our free market system or capitalist society.

Some have stated making a credit line open to GMAC would be smarter that continuing to give aid package after aid package, as we would be throwing less taxpayer money away at a time.  In our so called free market system under the Obama administration the government is now the biggest owner of GMAC with a 35% stake in the company, go figure when the US government also owns aproximately 10% of General Motors as well.

You may wonder why I am taking time to educate you on the goings on of our wonderful government under Obama and the latest bailout news, well its because with all the continued bailouts and buyouts GOLD is the safest investment with the best return. So buy GOLD and buy as much as you can as it will continue to soar for some time to come.

Popularity: 3% [?]

Gold is on the rise again and is up to $1,145 a troy ounce as of close of business yesterday, despite gains in US dollar. Precious metals are still a very good investment and Gold is probably one of the safest investments and will show you great returns, however silver hit a 16 month high of $18.70 an ounce and copper is up $6900 a metric ton in London, and even Platinum is at a 14 month high of $1,462 an ounce

Many speculate as to why Gold is on the rise almost daily, some say it is due to the weakness of the dollar and others say it is due to the uncertain global economy. As you know I have been saying that Gold is a great and stable investment for a while, so buy Gold as much and as often as you can because Gold will continue to rise for some time to come.

This is a great time to buy as many of the options for Gold on the Comex division of the New York Stick Exchange expire on Nov 23 and Gold is expected to go over $1200 an ounce when these options expire. So once again BUY GOLD NOW, as you will be very happy with the results and return on your investment.

With all the talk in the world about the weakness of the dollar, and discussions of some major countries to stop valuing their commodities in dollars which will further weaken the dollar, Gold is a very safe and stable investment and looks to continue to rise significantly for some time to come.

Popularity: 2% [?]

I would like to take a few minutes of your time to explain the lies and deception that have taken place in the United States as it relates to the Federal Reserve and how they have robbed us of our Gold and Silver reserves and caused much of our financial difficulties. I will in this post give you not only my opinion but will also give you information from two economist that have a very interesting story to tell as to the Federal Reserve and their actual function and the misinformation that has been told to the American people. The economist that I will share information from are Tom Rose from Pennsylvania, Steven Jacobson an author and creator of audio tape series Mind Wars, and Alan Greenspan Chairman of Federal Reserve and chief misinformer as it relates to what is really going on with the G20 pact or the Federal Reserve and its actual purpose and function.

The issues with the Federal Reserve are not new, after World War 1 Garrett said after years of blundering and trying to figure out an efficient credit machine we finally have one the Federal Reserve. He went on to say the Federal Reserve System was awesome as most have no idea what the words or name means or what the actual meaning of the dollar, wealth, inflation, credit really mean or how the Federal Reserve effects them directly or indirectly. If people really knew how the money system used to work and how it really works now under the Federal Reserve they would be very upset.

One of the Economist Jacobson states that the essence of the Federal reserve is to confuse and misinform the people to the United States while controlling the nations money supply and interest rates, and making a huge profit in the process. Most believe the Federal Reserve is part of the government and the politicians are happy to let people believe this untruth, however the Federal Reserve is a privately owned corporation owned by a number of rich families and operated for a significant profit while manipulation out economy and effecting our daily lives which is in violation of the Constitution. The constitution specifically states that Congress has the power to coin and regulate the value of money, and further states that the money should be either gold or silver tender to pay debts.

You have to ask yourself if the government is supposed to be by the people for the people, the why is our government letting us be robbed by the Federal Reserve for profit of the wealthy families running the Federal Reserve. There are three companies that have the word Federal in them an they are private companies and have nothing to do with the government at all, Federal Reserve, Federal Express, and the Federal Ammunition Company. The government and the Federal Reserve working together over time removed gold and silver coins from use to pay debts, and replaced it with paper money and the money is backed by debts and credits rather than actual Gold and Silver Reserves.
In Jacobsons opinion the misinformation regarding the Federal Reserve, and use of meaningless words to give a unclear idea of the working of the Federal Reserve is how the United States and American people have been taken and misled. The word dollar has been changed over time to hide the fact that the dollar or paper money is not really backed by silver or gold, as they should be. To show you what I mean US Code Section 152 states “The terms lawful money or lawful money of the United States shall be construed to mean gold or silver coin of the United Sates.”

You may ask how did we get here and what led to the government coming up with paper money at all, many years ago people had the local gold smith to store their gold and for this they received a receipt and over time the gold receipts were used for monetary transactions which was the first paper money you might say. Over time greed kicked in and the goldsmiths started writing more gold receipts than they had gold to back up and bought property and other things of value with these non gold backed receipts which lessened the actual value of the real gold receipts that people had from actual gold they placed in safes for security. The fact is the more of something you have the less the value is which is an over simplified example of what the Federal Reserve and the government has done to the American people. You may have heard in church that money is the root of all evil, and this greed or evil is how our economic issues began. The gold smiths of old created a similar situation to what the Federal Reserve has done to us today, much as the gold smiths stole from and lied to the very people that entrusted them to hold their gold, the Federal Reserve is doing much the same thing to this day to the American People and the whole economic system. The huge question is why do we continue to let this injustice to go on, and why does the government keep up this untruth. Furthermore why is Obama trying to give even more power to this corrupt organization called the Federal Reserve which has their own profit at heart and cares little about the health of out country except as how we can make them a profit. Many refer to the dollar as a dollar bill, and by definition the receipt of a dollar owed but in all truth meaningless and worthless as it is not backed by anything other than words. Many don’t know that from 1914 to 1963 money used to state “The United States of America will pay to the bearer on demand five dollars.” The real question is how can a bill stating it is a promise to pay five dollars be worth five dollars, quite simply paper money is an IOU from the Federal Reserve while they control the gold and silver supply and make a healthy profit doing so. Until 1962 the money in circulation said that you could take it to the treasury or the Federal Reserve to claim the actual value of the paper money that was and is said to be backed by gold and silver, however in 1963 the promise to five the value of money to the bearer was removed from paper money and then more and more paper money was and is put into circulation thus devaluation the money in circulation much like what the gold smiths did many years ago. If you read the constitution and the dollar then you will realize the very name Federal Reserve Note is a fraudulent title and word which has no real value or meaning, it is quite simply an IOU from a private company that is robbing and stealing form the American people and has been for many years. The Federal Government working with the Federal Reserve created a totally different monetary system contrary to what the constitution intended and gave control of our economy and whole monetary system over to a private company.

Popularity: 2% [?]