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Forum Post: Shove It to the Banks....Buy Silver

Posted 2 years ago on July 23, 2012, 7:52 p.m. EST by hchc (3297) from Tampa, FL
This content is user submitted and not an official statement

I heard someone say this the other day.

Thoughts?

61 Comments

61 Comments


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[-] -2 points by hchc (3297) from Tampa, FL 2 years ago

Thats a little insulting to post that under my thread Zendog....

[Removed]

[-] 2 points by shoozTroll (17632) 2 years ago

Leave it to hchc, to come up with the libe(R)tarian, bling as money solution.

It's a market. It's already corrupt. It's already being manipulated.

[-] -1 points by hchc (3297) from Tampa, FL 2 years ago

Only a freakin moron like you could see a post like this about money and put it in a partisan context.

You are so limited....

[-] 0 points by shoozTroll (17632) 2 years ago

Yeah hchc, let's return to a bling based economy like Mr. p wants.

That's some real revolutionary stuff there alright.

NOT!

You're about as limited and partisan as they come.

[-] -1 points by marvelpym (-184) 2 years ago

Carefull hchc or he'll write another proposal. This one might even make it to committee.

[-] -1 points by hchc (3297) from Tampa, FL 2 years ago

Perhaps China is full of libe(r)tarians - this clown is full of cute little sayings- because they are buying it like theres no tomorrow

http://www.zerohedge.com/news/hoarding-continues-china-purchases-record-100-tons-gold-april-hong-kong

[-] 2 points by MichaelB (128) 2 years ago

What you heard the other day could be an uninformed worthless comment, a whisper campaign to drive up silver, or good advice. If you don't know anything about the market you'd be foolish to simply guess which one it is. Basing a decision on remark can easily make silver buyers the next group manipulated by the money people.

[-] -1 points by hchc (3297) from Tampa, FL 2 years ago

I have plenty of my own thoughts on silver/gold and the direction this disasterous economy is going.

Do you realize after the OBL story, they raised margins five times in a week?

[-] 2 points by alterorabolish1 (569) 2 years ago

Raising margins five times in a week sounds like a panic of some sort. What's the OBL story?

[-] -1 points by hchc (3297) from Tampa, FL 2 years ago

Bin Laden hoopla.....

Either they knew he was going to be caught, or they made it up as a cover. Either way, its some shady shit.

Silver was at $50 on that Friday. The following week they beat the price back down to the mid 30's.

[-] 1 points by alterorabolish1 (569) 2 years ago

Thanks, that's good info.

[-] 1 points by MichaelB (128) 2 years ago

Not sure what OBL stands for, but wouldn't raising a margin indicate a concern over excessive speculation?

[-] 1 points by VQkag2 (16478) 2 years ago

Osama Bin Ladin

[-] 1 points by MichaelB (128) 2 years ago

Thanks, I was looking at financial acronyms and more recent news stories.

[-] 3 points by VQkag2 (16478) 2 years ago

I think all the "buy gold/silver" rhetoric is just fear mongering for profit. I see lotsa commercials on Fox for this because they know that fox viewers are prone to believe the end of the world is comin. Whether it is the 2nd coming of christ or the propaganda that Obama is gonna destroy the economy. These viewers are easily scared.

So these gold/silver dealers are exploiting these feardul americans and certainly exploited the terror attacks for profit.

Obscene

[-] 1 points by MichaelB (128) 2 years ago

Simply a case of buyer beware. Don't let personal greed lead you to buy something you don't understand. If you do you're a fool not a victim.

[-] 2 points by VQkag2 (16478) 2 years ago

And definitely do not let fear lead you to buy anything.

It's the ultimate high pressure sales pitch.

[-] 0 points by TrevorMnemonic (5827) 2 years ago

I definitely agree there. Logic should always play first.

"the bailouts were driven by fear not fact"
-Dennis Kucinich

[-] 2 points by VQkag2 (16478) 2 years ago

fear created by the recipients of said bailouts. Hmmmmm?

Sounds like a scam to me.

I think those 1% plutocrats with their repub tools who wrote the tarp mugged us.!

I think it was a last gift to the elite Bush base.

Bastards!

[-] 1 points by TrevorMnemonic (5827) 2 years ago

Dear Tax Payer - http://www.youtube.com/watch?v=-o9BBNUBs1w

Don't forget about all the other people that voted for it and the other guy that signed it instead of voting no.

What started with GW continued under BO

The Wall Street CEO's and their lackeys probably have more than enough money combined to personally cover for their mistakes and fraud.

I agree with dennis kucinich and alan grayson on this issue.

[-] 1 points by VQkag2 (16478) 2 years ago

As you quoted Kcunich "driven by fear" is what got it passed. And as I recall Bush signed the Tarp in oct. Obama took office in Jan. So I don't see how he is responsible for that repub scam.

[Deleted]

[-] 1 points by VQkag2 (16478) 2 years ago

Who did.? I was against it.!

[-] 0 points by TrevorMnemonic (5827) 2 years ago

Bush was a total fraud. He was a puppet that didn't know it.

Ratigan from 2010 - http://www.youtube.com/watch?v=c2_ahbfyUws

Also some info for you to read - http://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008

And then read the vote count where Obama voted YES while still in the Senate - http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=2&vote=00213

Both Obama and Bush supported the TARP bailouts. You should look into voting records more often. Lots of truth in voting records.

[-] 1 points by LetsGetReal (1420) from Grants, NM 2 years ago

More Republicans than Dems voted against the bailouts. (15 R and 9 D). (VQkag2 doesn't care much for facts.)

[-] 1 points by shoozTroll (17632) 2 years ago

Let's get real.

Of course they did, they are all about ineffective government.

And the the teabagge(R)s raised my taxes.

[-] 1 points by VQkag2 (16478) 2 years ago

Bush didn't vote yes. He created the circumstances of the crash, he crafted the tarp law, and he signed it.

That ain't obtuse. Thats a fact.

Obama like the rest of the legislature who voted for it because we were threatened by the plutocrats (and their repub puppets) with economic collapse.

"stick 'em up" "give us a trillion bucks or the economy gets it"

We was mugged by the banksters and their repub puppets.

Dontcha hear me. Dontacha get it. Your repubs stole our mpney for they're base.

Whose obtuse.? Not me. You are if you don;t see these facts. LMFAO

[-] 0 points by TrevorMnemonic (5827) 2 years ago

the repeal of Glass Steagall was a big factor in what lead to the crash.

Obama being submissive to GWB in 2008 is not good for your argument.

I prefer someone who stands against the bullshit. Like Kucinich did. Kucinich unlike Obama also tried to have Bush impeached.

[-] 1 points by VQkag2 (16478) 2 years ago

Ahh so the insults begin.

I acknowledged the voting record you accused me of not lookin up.

Obama voted yes in the senate for the reason you suggested with your Kucinich quote. All legislators were "acting under fear" of the banksters threats to collapse the economy.

The banksters with their repub collaborators mugged us. You don't acknowledge that reality because you want to protect your repubs.

Still laughin'?

Bush wasn't stupid he never gave a more lucid speech when he went on tv to push his shock doctrine economic emergency tarp plan. He knew, he created the circumstances through his policies and his plutocrat friends actions, he crafted the legislation dems at first rejected then had to submit to the economic collapse threats of the plutocrats and their repub puppets. You suggest Bush was stupid because you want to give him and all repubs a pass.

Laugh it up. You ain't kiddin anyone.

You push the fallacy that Obama passed tarp (when you know it was Bush) because you are evidently anti Obama, and Pro Bush.

LMFAO

You want to push the fallacy that the parties are the same in order to convince progressive OWS supporters to not vote for dems.

Laugh on. laughing boy. repub shill.

[-] 1 points by TrevorMnemonic (5827) 2 years ago

I'm saying the repubs were involved. LOOK AT VOTING RECORDS. I am just saying Obama supported the TARP bailouts just like the repubs did. It's kind of a fucking fact.

TARP BAILOUTS VOTE - Obama - YES, Bush - YES

It's a fact!!!

STOP BEING SO OBTUSE

Look into my voting records. I have never once voted for a republican.

Truth is in the voting records.

[-] 1 points by VQkag2 (16478) 2 years ago

Bush knew just fine. To suggest he "was a puppet that didn't know" is to make excuses for the one guy most responsible for our current crises.

Obamas one out of a hundred vote on the repub tarp plan doesn't make him responsible for it. So I see you give Bush a pass "didn't know" even though he created the circumstances, the legislation and provided the signature, and you assign blame to Pres Obama for being 1 of 100 who believed the fear mongering of the banks/repubs.

Yeah thats fair.

The truth is the dems who eventually signed it had to. The country was being mugged, held hostage by the banks/repubs. Told you either give us this trillion or we will not lend money.

Isn't that how the plutocrats got the repubs to give them one last trillion dollar gift before they knew they would lose the Presidency.?

No? C'mon you seem like a smart guy.

[-] 0 points by TrevorMnemonic (5827) 2 years ago

lol you are laughable. You're just trying to cover for your lack of knowledge on Obama's support for the bill. You said he had nothing to do with it and that it was Bush. But you failed to look into voting history where he fully supported the bill.

Even though Obama voted for it and it passed with bipartisan support you are not willing to give any blame to Obama for this bullshit.

You are laughable sometimes.

Bush was too stupid to know he was a puppet. I'm not giving him a pass. He was simply an idiot republican. Have you ever seen him speak?

No one had to vote yes on the bankster fraud bailouts. Only frauds and idiots voted yes on that bill. They could have come up with a real solution. Plus the Bankster CEO's and execs have more than a combined asset arsenal of 700 billion dollars and could have bailed themselves out.

Most people who did vote yes on this bill also receive campaign financing from Goldman Sachs and other banks.

Fuck the duopoly that works for the banks!

[-] 0 points by VQkag2 (16478) 2 years ago

Glass Steagal was a conservative policy that some dems supported (and Clinton signed).

But it was still conservative policy. Repubs ARE the problem. Dems can be dragged back from the right and made to serve the progressive agenda of the 99%.

Kucinich will never be President.

Pres Obama was not submissive to GWB. He retreated to fight another day. Sometimes you gotta give the mugger what he wants. to save the life of your family.

Peace

[-] 0 points by TrevorMnemonic (5827) 2 years ago

i'd say it goes both ways. Investing in gold/silver over the past few years would be profitable for you. However there are definitely scammers out there exploiting people because of this.

[-] 1 points by VQkag2 (16478) 2 years ago

Fear mongering crooks. Have you bought a lot of gold Trev?

[-] 0 points by TrevorMnemonic (5827) 2 years ago

None actually

[-] 0 points by VQkag2 (16478) 2 years ago

Good for you. Now is the time to buy real estate. It's still cheap, and rates are low.

Good luck

[-] -2 points by hchc (3297) from Tampa, FL 2 years ago

And what would cause excessive speculation?

[-] 2 points by MichaelB (128) 2 years ago

Any number of things, but the basic cause is usually someone wanting to take advantage of a situation and increase his wealth.

[-] -1 points by hchc (3297) from Tampa, FL 2 years ago

Exactly. So what was the upward trend due to?

What has the upward trend since the Fed started giving the money away for free in the early 2000's due to?

[-] 1 points by MichaelB (128) 2 years ago

Some are likely looking to stay ahead of inflation others just to stay even. There is going to be a loss of faith in currency the more the Fed simply pumps more paper into the system.

[-] 0 points by DKAtoday (23961) from Coon Rapids, MN 2 years ago

Electronic bits and bytes.

[-] 1 points by rpc972 (628) from Portland, OR 2 years ago

Henry A. Giroux: Colorado Shooting Is About More Than Gun Culture

Monday, 23 July 2012 09:51 By Henry A Giroux, Truthout | News Analysis

The current reporting about the recent tragic shooting in Aurora, Colorado, is very discouraging. The media response to the alleged murderous rampage by James Holmes largely focuses on the guns he used, the easy availability of the ammunition he stockpiled, the booby trapping of his apartment and the ways in which he meticulously prepared for the carnage he allegedly produced. This is a similar script we saw unfold after the massacres at Columbine high school; Virginia Tech; Fort Hood; the supermarket in Tucson, Arizona; and the more recent gang shootings in Chicago. Immediately following such events, there is the expected call for gun control, new legislation to limit the sale of assault rifles and a justifiable critique of the pernicious policies of the National Rifle Association. One consequence is that the American public is being inundated with figures about gun violence ranging from the fact that more than 84 people are killed daily with guns to the shocking statistic that there are more than 30,000 gun-related deaths annually. To bring home the deadly nature of firearms in America, Juan Cole has noted that in 2010 there were 8,775 murders by firearms in the US, while in Britain there were 638. These are startling figures, but they do not tell us enough about the cult and spectacle of violence in American society. Another emerging criticism is that neither President Obama nor Mitt Romney has spoken out about gun control in the aftermath of the Aurora shooting. Gun control matters, but it is only one factor in the culture of symbolic and institutional violence that has such a powerful grip on the everyday workings of American society. The issue of violence in America goes far beyond the issue of gun control, and in actuality, when removed from a broader narrative about violence in the United States, it can serve to deflect the most important questions that need to be raised.

Violence saturates our culture both domestically and in our approach to foreign policy. Domestically, violence weaves through the culture like a highly charged electric current burning everything in its path. Popular culture, extending from Hollywood films and sports thuggery to video games, embraces the spectacle of violence as the primary medium of entrainment. Brutal masculine authority and the celebration of violence it embraces have become the new norm in America. Representations of violence dominate the media and often parade before viewers less as an object of critique than as a for-profit spectacle, just as the language of violence now shapes our political discourse. The registers of violence now shape school zero-tolerance policies, a bulging prison-industrial complex and a growing militarization of local police forces. State violence wages its ghastly influence through a concept of permanent war, targeted assassinations, an assault on civil liberties and the use of drone technologies that justifies the killing of innocent civilians as collateral damage. Just as body counts increase in the United States, so do acts of violent barbarism take place abroad. Increasingly, we are inundated with stories about American soldiers committing horrendous acts of violence against civilians in Afghanistan, with the most recent being the murders committed by the self-named "kill team" and the slaughter of men, women and children allegedly by Staff Sgt. Robert Bales. The United States has become addicted to war and a war economy just as we increasingly have become addicted to building prisons and incarcerating minorities marginalized by class and race. And, moreover, we have become immune to the fact of such violence.

Also See: "Henry A. Giroux | Violence, USA: The Warfare State and the Brutalizing of Everyday Life"

Also See: "Violence, USA: An Interview With Henry A. Giroux"

Violence in the United States is a commodity mined for profit, a practice that has become normalized and a spectacle that extends the limits of the pleasure quotient in ways that should be labeled as both pathological and dangerous. We are not just voyeurs to such horrors; we have become complicit and reliant on violence as a mediating force that increasingly shapes our daily experiences. The culture of violence makes it increasingly difficult to imagine pleasure in any other terms except through the relentless spectacle of gratuitous violence and cruelty, even as we mourn its tragic effects in everyday life when it emerges in horrifying ways such as the senseless killing in Colorado. Increasingly, institutions are organized for the production of violence such as schools, prisons, detention centers and our major economic institutions. Rather than promote democratic values, a respect for others and embrace social responsibility, they often function largely to humiliate, punish and demonize any vestige of social responsibility. Our political system is now run by a financial oligarchy that is comparable to what Alain Badiou calls a "regime of gangsters." And as he rightly argues, the message we get from the apostles of casino capitalism carries with it another form of social violence: "Privatize everything. Abolish help for the weak, the solitary, the sick and the unemployed. Abolish all aid for everyone except the banks. Don't look after the poor; let the elderly die. Reduce the wages of the poor, but reduce the taxes on the rich. Make everyone work until they are ninety. Only teach mathematics to traders, reading to big property-owners and history to on-duty ideologues. And the execution of these commands will in fact ruin the life of millions of people."(1) It is precisely this culture of cruelty that has spread throughout America that makes the larger public not merely susceptible to violence, but also luxuriates in its alleged pleasures.

We are a country gripped in a survival of the fittest ethic and one consequence is not merely a form of hyper masculinity and a new-found indulgence in the pleasure of violence, but the toxic emergence of a formative culture in which matters of ethics, justice and social responsibility are absent from what it means to create the conditions for a citizenry able to hold power accountable, produce citizens capable of caring for others and offer the conditions for young and old alike to be able to think critically and act compassionately. Justice in the United States has taken a bad hit and its absence can be measured not only in the vast inequalities that characterize all facets of everyday life from the workings of the justice system to the limited access poor and middle-class people now have to decent health care, schools and social protections, but also in a government that separates economics from social costs while selling its power and resources to the highest bidder. America needs to talk more about how and why violence is so central to its national identity, what it might mean to address this educationally and tackle the necessity of understanding this collective pathology of violence not just through psychological and isolated personal narratives, but through the wider ideological and structural forces that both produce such violence and are sustained by it.(2) But, of course, the American public needs to do more than talk, it needs to organize educators, students, workers, and anyone else interested in democracy in order to create social movements capable of changing the power relations that create the conditions for symbolic and systemic violence in American society.

Correction: This article has been amended to accurately reflect the number of annual gun-related deaths in the United States. It is 30,000, not 300,000.

  1. Alain Badiou, "The Rebirth of History (London: Verso, 2012), p. 13.
  2. I want to thank Brad Evans for his advice regarding the importance of emphasizing structural violence. Copyright, Truthout. May not be reprinted without permission of the author. Henry A Giroux

Henry A. Giroux currently holds the Global TV Network Chair Professorship at McMaster University in the English and Cultural Studies Department. His most recent books include: Youth in a Suspect Society (Palgrave, 2009); Politics After Hope: Obama and the Crisis of Youth, Race, and Democracy (Paradigm, 2010); Hearts of Darkness: Torturing Children in the War on Terror (Paradigm, 2010); The Mouse that Roared: Disney and the End of Innocence (co-authored with Grace Pollock, Rowman and Littlefield, 2010); Zombie Politics and Culture in the Age of Casino Capitalism (Peter Lang, 2011); Henry Giroux on Critical Pedagogy (Continuum, 2011). His newest books: Education and the Crisis of Public Values (Peter Lang) and Twilight of the Social: Resurgent Publics in the Age of Disposability (Paradigm Publishers) will be published in 2012). Giroux is also a member of Truthout's Board of Directors. His website is www.henryagiroux.com.

Your RW mind missed the point. Our "culture" has been contrived and foisted on us by political players. It's Class War, the strategy is Shock Doctrine, it's conducted by Big $ Kings via their RepubliCon foot soldiers. No more PMs, let everyone see how stupid you are.

[-] -1 points by hchc (3297) from Tampa, FL 2 years ago

When the population is Ok with the gov dropping bombs on villiages in 3rd world countries on a daily basis, we should expect that to trickle into our own culture sometimes.

[-] 1 points by rpc972 (628) from Portland, OR 2 years ago

When you learn how to spellcheck and make sense, I'll... still think Randi Rhodes is right about Tampons!!

[-] -1 points by hchc (3297) from Tampa, FL 2 years ago

Very mature as usual, whoever you are.

I think you mean grammar check. And I'm from WNY.

[-] 1 points by hchc (3297) from Tampa, FL 2 years ago

Ratigan and Grayson on the Fed and Banks screwing the people over....

http://www.youtube.com/watch?v=kgLxN_gamgs&feature=related

[-] 1 points by jph (2652) 2 years ago

If you have 'extra money', i.e. cash to invest, you should think about investing in something that is actually useful! What good is silver/gold ? these have a few industrial uses, but are not much use to the hungry.

I would say invest in friends and family that are trying to do good things,. and then the local community,. and on outward. Invest in farms that produce the food that you actually eat, go to the farms meet the growers, examine the operations and if they are well run and improving the area instead of exploiting it,. invest in them. same goes for the energy you use, and the rest of your own consumption. You can support the people doing things right; clean, organic, fair, life affirming and regenerative.

See; http://www.slowmoney.org/

[-] 0 points by john23 (-272) 2 years ago

Schiff who predicted gold would skyrocket and also predicted the collapse in 08 (wrote a book talking about why it would happen before it occurred) just wrote an article on gold:

http://lewrockwell.com/schiff/schiff173.html

[-] 0 points by hchc (3297) from Tampa, FL 2 years ago

China buying MASSIVE amounts of gold....

Looks like someone is getting ready to set up a new reserve currency that investors can have faith in.

http://www.zerohedge.com/news/hoarding-continues-china-purchases-record-100-tons-gold-april-hong-kong

[-] 0 points by hchc (3297) from Tampa, FL 2 years ago

The gov came for everyone's gold in the Great Depression.

A section of Obamacare requires people who buy more than 600 worth at a store to be ID's and sign papers (in the name of taxing and paying for Obamacare)...

They will come for it again. If we all claim it is so useless, then why do they want it so bad?

[-] 0 points by john23 (-272) 2 years ago

exactly....or why do they outlaw its use as a currency if its so useless and noone desires it? They know their paper junk wouldn't stand a chance when its put up against a stable currency like gold/silver.

[-] 0 points by SteveKJR (-497) 2 years ago

Well if you have been following what's going on with the stock market the "debt bubble" is on the verg of busting.

We are not hearing anything from the Feds because there is no more "proping" up to be done. The dollar is in decline and inflation is continuing to rise.

If you do have any investments in the stock market it is just a matter of time before another 1/3 is lost because of what's coming.

Here's another link with some "thoughful information:

http://www.youtube.com/watch?v=R7NaqFb7uPo&feature=relmfu

[-] 0 points by john23 (-272) 2 years ago

Best part of that video is the before/after volume for bonds....unbelievable.

[-] 0 points by SteveKJR (-497) 2 years ago
[-] 0 points by hchc (3297) from Tampa, FL 2 years ago

He makes a few good points.

[-] 0 points by SteveKJR (-497) 2 years ago

Yes he does and he has several other videos out there worth watching. He makes a lot of sense.

[-] -1 points by hchc (3297) from Tampa, FL 2 years ago

Ghadaffi's gold Dinar was probably going to drastically change the fortunes of Africans, for the better.

But the USA cant have someone creating a currency that is actually backed by something.....

http://www.dailypaul.com/239269/saving-the-world-economy-from-gaddafi-gold-dinar

[-] -1 points by Porkie (-255) 2 years ago

Excellent idea - just don't tell anybody where you buried it; the vultures of America are everywhere.