Accountability

Timothy Geithner Says “Standard & Poors Showed Terrible Judgement”, Uh, No Asshole! You have shown a lack of judgement. Obama has shown a lack of leadership by keeping you and Bernanke at the wheel!! Is the plan to just let it all crash & burn? Is it the aim of our political hierarchy to just spread poverty and despair around the globe, so that they can have control yet again?

It won’t happen, not ever again. Obama promised change, and he brought it like no other ever has. Politicians and especially Presidents, have always embellished terrible lies but none has ever broken the back of our financial system around the world. Even during the depression, we have maintained our credit rating.

We have just shown a weak hand amidst a Global Financial Crisis that will surely lower our rank and have widespread and longlasting negative consequences.

This is what electing an inexperienced uh, nobody, into our highest office has cost us. You can’t blame Bush anymore, you have just taken the title of WORST PRESIDENT EVER, EVER!!!

You asked for all of this Obama, You said you would fix it all! What happened to bringing home our troops? What happened to fixing the Job market? What happened to fixing the economy? You simply have not a CLUE what to do. There is not an ounce of practical wisdom to lead you in the right direction.

I always say, you can read all the books in the world, but if you do not have a common street smart sense, you are going to get no where unless it is purely accidental.

You can’t even blame the Tea Party or Republicans or Congress or Senate. Geithner has been harping for 3 years about the debt ceiling, but no once did he ever suggest we curb spending. Not One Mention!

#1 priority should have been to bring our troops home. What a waste of Billions.

#2 priority should be to stop giving our money away to other countries. We borrow money to give it away to other countries, STUPID!

#3 should have been to reform welfare and make it a point to have everyone ON DECK to contribute to the growth of our economy. Real simple concept, build factories all over the damn place. Do like China and build everything imaginable. We need skilled labor and new tooling to compete.

#4 Real Renewable Energy Projects: Make a billion solar panels and stick them everywhere. Borrow money to build a new solar and wind powered Grid across the country.

#5 Nationwide Wireless Network: Connect everyone so that way, companies can begin the painfull process of eliminating central offices and letting employees with desk jobs work from home. Why waste billions on Oil and Pollution and Traffic just to answer phones or talk trash at the water cooler?

#6 Eliminate Governement Jobs: Yeah, there are too many asshole chefs in the kitchen, we no longer need representatives in every little district. We should have a 4 or 5 party system and have voters register to a single party, and then elect officials to represent certain divisions of government. When their is deadlock and no progress, we vote again? If there are 5 or 6 people responsible for a particular department, and they make bad calls that have negative implications, then we vote again.

#6a: ACCOUNTABILITY: MAKE POLITICAL OFFICIALS RESPONSIBLE FOR UNDESIRABLE OR NEGATIVE OUTCOMES: IN OTHER WORDS, WHEN THINGS GO SOUTH, YOU LOSE YOUR JOB.

#7 Eliminate the 4 Year Election Cycle: Sorry, but if we have someone that is good at doing their job, let them keep it! The 4 year cycle just delays any real progress by having POLITICAL agenda at every corner. We need to come up with a way to eliminate people who hold office and fail either the economy, law, standards, or the public in general and at large.

#8 Eliminate Federal Law and Allow States to have their own laws and regulations: States could really benefit by having more control of how they spend on education, law enforcement, infrastructure, etc. Mandate federal standards for Food, Housing, and Pharmaceutical Standards. Let states decide things like Health Care, Drug Enforcement, Banking Regulation, etc.

#9 Eliminate Campaign Contributions PERIOD! Give each party a certain amount of money, Media Airtime, Open the debates to all parties…..We need Political Diversity to get back to being a leading edge country, we are stagnant and making zero progress by maintaining old fashioned standards and ideals.

#10 Free Community College to ANY US CITIZEN. DUMB is no longer acceptible.

#11 Take Mexico by Force and make it a State and You All Know Why, right?

#12 Legalize drugs and TAX THE HELL OUT OF THEM

#14 Make it harder to get a Work VISA and to even visit the USA, especially if you come from anywhere that HATES the USA. No Like Us, Keep The “F” Out, OK?

#15 Increase all duties for imported products, labor, etc. to level the playing field and use the proceeds to subsidize Govt. Funded Factories that will bid on contracts for various production of USA Made Goods.

#16 Wall Street Reform, No More Derivatives, Puts, Calls, or just plain out bets on speculation.

#17 Taking a Free Ride? You don’t get to vote. Sorry, but tired of people voting for handouts. If you have no PDP: Personal Domestic Product for a certain period of time, you should be considered inactive and only allowed a 1/4 % voting share or less.

There Ya Go Obama, You have about a Year to Pull It Off!

Now for the Good News: Gold Will Break $2000 by March 2012 and Silver Will be Looking above $70.00

Stock Market: DJIA should be bottoming out around 6200 Points.  Unemployment will breach 12%, not counting all of the people who have left the job market and undocumented workers. Expect plenty of Bank Closures by 2013 as there are just too damn many banks and not enough people with money.

My Last Comment For This Post is that the next time you want change, go to the mall, not the poles!!! 

 

 

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The power of flip flops and lobbyists

So I just added a new post and I forgot to mention about the flip flop spa progress……..My Wife and I went and did a launch of her product at a 3 day New York Show and it went extremely well. Her product is very innovative, quite possibly so much that it will have serious implications to shoe manufacturing around the world. Her product was very noticed, by major retailers and shoe manufacturers. Inquiries were coming in like margin calls at an exchange. I think some really good things are happening as we speak. We expect to launch the product internationally in the coming months.

We also leased a showroom on Broadway in NYC while we happened to be there. There is no better city for her to work on expanding her line. New York is still the go to city for fashion products. I plan to put a lot of my time into this project as it is almost endless in expansion and has an amazing vertical in almost every way you look at it.

I love Gold & Diamonds and all, but another big change to that industry has taken place. The State of CT. Legislature has just passed new law, which will take effect in October, that will require dealers to hold anything they buy for a period of 10 days. I hated this law as it was being written. I did what I could to try and stop it. At the end of the day, paying lobbyists worked for Pawnbrokers. Expect to see a Pawn Shop on every corner in CT. in the coming years. The state was trying to find a way to curb burglaries, instead they just increased the amount by 10 fold.

This new legislation only gives pawnbrokers more ammo against consumers. If the tables weren’t tipped enough already. So, basically, instead of getting screwed every time you walk into  a Pawn Shop, you are now going to get F#ck!d every time you go into a pawn shop. You are going to get hit with service charges, late fees, worse attitudes, and storage fees.

Another thing this will certainly do is force legitimately high paying buyers to lower their payout rates. How could someone buy a commodity that has a 10 day closing? You have to predict or SPECULATE the market in 10 days. Let me tell you how that goes, as a business decision, you will have to always predict short! You will have to assume that there is likely going to be a 2% drop per day on at least 3 of 5 business days in a volatile market. That equates to a 12% drop in 10 days. That is playing it safe in my opinion and no reasonable market analyst could argue that that is not a likely scenario.

Thank you local representatives and legislature for making that a reality. It is no wonder that at the capitol, lobbyists have reserved parking spaces. Lawmakers have no clue which way is up. They pass laws that will never work. So the funny part is, that the Police do not even have the resources to check the stuff held for 10 days. In the end, the consumer loses money, and with now having about 1000 pawn shops to watch over, they never have a chance at finding the stolen merchandise they are looking for. So homeowners, you better REALLY get a security deposit box and get your valuables in a really safe place because trust what I tell you, home burglaries will go up by 30% within a year from the new laws taking effect on October 1st.

I still expect to be in business, and have a plan to maintain our high payout prices. There will be some major changes, but you will still be able to get 80% or higher of the metals value. I’ll be announcing the strategy as we get closer to October. Until then, it is a TRADE SECRET.

Another good piece of news, CT GOLD BUYERS and CONNECTICUT GOLD BUYERS are now trademarked, so WATCH OUT to those that have been infringing on my trademarks for the past 3 years, my Legal Team is coming!!! I suggest if you as much as use CT GOLD BUYERS in as much as a domain name, you go secure an attorney because you are going to need it.

Now, MORE NEWS!!! You may have noticed a lot of changes to my staff. Unfortunately, this is par for the course. It takes time to realize if someone can be responsible and trusted to run this type of business. I will be appointing James Hart as Operations Manager and bringing in to new Customer Service Representatives in about 2 weeks. In the meantime, I will be back full time for the next 2-3 weeks.

Look for our GRAND OPENING of flip flop Spa @ 1385 Broadway, 4th Floor, New York, NY, 10018 in the next few weeks and come down to the city. Our showroom is in the fashion district and is located amongst 25 other amazing shoe designers. You can come down for the Open Market on Wednesdays, open to the public, and check out new styles and buy direct from manufacturers. There are some very beautiful shoes and very innovative styles. It’s only 2 blocks away from times square on Broadway. Hope to see you there. Check back here for the official date!

Markets Down! Markets Down!

So the stock markets are down, every day for weeks, Commodities are down, Real Estate is Down, Jobs are Down………..The dollar is down, sentiment is down.

The only things left that are rising are the Mississippi River and unrest!

3 wars have cost this country, and the world, our ability to maintain healthy economies. The cost of war is far greater than the lives lost and the misery waged. It is time to come home. The money spent on bombs and sustaining troops could be spent instead making progress here.

We should be installing windmills and solar plants, improving infrastructure, education, jobs…………

Libya is costing millions, Afghanistan is billions, Iraq is billions…….We could spend an eternity in the middle east. The world still hates america at the end of the day. We go around handing out money like candy on halloween, and we are still the ones to hate. I watch as Hillary gives away scholarships to our best schools, millions and billions, and we still get played. Look at Pakistan, BILLIONS, and they are harboring terrorists.

Hillary is now opting for a nice cushy bank job. I don’t know what the agenda is in America any longer. It seems that Washington is just stuck in drive and no one is at the wheel.

I firmly believe that the strategy that makes all of this go away is simply “All in”. We bring everyone home. Troops, Politicians, Diplomats, Staff, EVERYONE. We fix the problems here first.

You know what. Not everyone needs to know about america. We don’t need eveyone that hates us coming to America. Make it very hard to get in here. If foreigners want to visit their friends and family here, then they should all go to an island for a reunion. Make it very exclusive to get into the USA. We have enough people here already for the limited resources available.

Secrecy is good for a country. It worked for Obama during his election. It helped pull Russia out of a severe depression. People do not need to know every damn thing we are about to do. We do not need to disclose our plans to the world. Secrecy certainly has acted like a super fertilizer for China. The Obama administration is like a constant press release of information. It is ridiculous. If everything is predictable, the markets just settle in and stay flat. We don’t need to know the jobs weekly. We don’t need the constant failure reports. We don’t need to save the world. We need to save ourselves, and that is it. No one wants our help. We are not the red cross, we are just a country, that leaves it’s own down on the battlefield, while it’s off in pursuit of world peace and happiness.

It’s time to simply realize that we no longer have the solution. The internet has spread democracy. We have spread animosity. The only thing we need to fix is broken america.

So I am thinking gold is flat for a bit, but just a bit. Silver should begin slowly making it’s way back towards the $40’s but could lag until late summer. I think we are due for another round of layoffs. I think we will see the auto manufacturers and banks have another go at bankruptcy and insolvencies too. The money we gave them is running out. The money we print just goes out of America. Time to print some more, I guess. Wondering what ever happened to Goldman Sachs and other High Profile Bankers??? I guess they learned that secrecy is a good thing. They stay out of the spotlight and under the radar. No one even thinks of them. Whatever happened to the bailouts? Someday we will know and I bet’s it’s not what anyone thinks happened.

Enjoy your weekend, it should be about 100 degrees with a chance of tornadoes!

Dip # 2 or 3

Well, inexperience has once again cost us a shot at recovery. It seems as though we are too busy trying to make history, then advance into the future with dignity. I am talking about politics here. Bad policies. The lobbying, the corruption, the 2 party system, even the tea party, they are all worthless.

We need local governments to start having town hall meetings, instead of meeting with lobbyists. We need JOBS! We need local governments to pave the way. Washington is deaf, blind, and ineffective. They are purely out of touch with reality. The real political scene exists where you make a difference and unless you are delivering a large campaign donation, you are not even glanced at in Washington. Locally however, you would be surprised at how easy it is to be a part of the process. The more people that get involved, the more likely it is that your local representatives will start bringing your ideas to the table. The ideas that can help create jobs may very well be from a similar process. If politicians had the answers, we would not be in this situation now.

Be advised also that more layoffs are inevitable. State and Local Governements will be laying off thousands at the start of the new fiscal year (July). There is just not enough tax revenue generated to keep up with growth. I just read a report that only 51% pay federal taxes and most people pay very little in state taxes. I think the overall problem here is the 51% who pay taxes have the other half voting how their Money gets spent. Too many are getting a free ride and that needs to change. Everybody in, I say. Put up, or shut up. That should be the new federal policy and strategy. Get everybody working and invested in the system, then you can make adjustments or overhauld. You need people too busy to complain, and generating money to make the needed change.

I will applaud the CT Political scene though, the current legislative session is trying alot of new things, like decriminalizing marijuana possession. This ought to save the court system alot of time and expense. I do not smoke or even recommend you do so, but at the same time, my opinion is that if you want to, why shouldn’t you? If you are not harming anyone else, then light up! Of course, please be responsible in doing so and do not drive or smoke in an environment where there are minors.

I think the key to recovery for this economy is in local government, not federal. In fact, I think the federal scene in Washington is impervious to recovery. I think that local governments need to look at being more independent. Why should federal law dictate local laws? If some areas want to try something new, to see if an idea works better or worse, so be it. They should!

As for Gold & Precious Metals, all is looking good. Even jewelry demand in India is back up. More euro debt fears, more US housing and jobs problems. No end in sight. Scrap sales are still rising, surprisingly. Who new all of you people held on to so much gold. If you are selling, call us so you don’t get ripped off!

Hey, if you are unemployed and bored, go and volunteer somewhere. Keep working, remain relevant. Go pan for gold, go mine gold at tag sales, recover scrap metals from junk piles, do something to make a few buck and learn something new.

Also, for those of you wondering, I have hired new employees  and I am taking alot of time off? Sort of, I am working, on new projects:

one is my Wife’s new invention and business: www.flipflopspa.com

The other is the expansion of ctgoldbuyers. I will say don’t mind the new employees, they are trained to serve you just as I would. They do not pay any less either. My long term goal is to have multiple stores running on one ideal of serving our customer base with the best available buying service in the USA. I am developing strategies now that will enhance your experience and maintain high payout points.

Last, I am trying to enjoy the summer after being buried all winter under snow and ice.

Enjoy the weather,

Joe

The China Button

So now more than ever, China and it’s relations with the US are an often talked about subject. I hear alot of talk that is ingorant of the true underlying relations the two countries share.

The first myth is that China has stole our jobs. Not true. China simply has a large skilled workforce and let me emphasize work! There is no other place in the world that has endless factories with employees who will willingly work 16 hour shifts to get the job done on time, and on budget, no where. America’s factories simply have too many wage disadvantages, labor laws, and unskilled workers. We have been out of manufacturing too long now to have been exposed to the new technologies. The factories we have left rely heavily on machines and automation to keep up with Chinas quick pace. Without China, there would be alot fewer products, and far more expensive products.

China is buying up America is another myth. The truth is that China is buying our debt. To the tune of 3 trillion dollars. Who loans anybody 3 trillion dollars? What kind of collateral backs up that loan? This is the reason behind Golds recent bull run. This will surely drive gold past the $1600 mark. China is fed up with Washingtons reckless printing and spending scheme. The world is watching as the dysfunctional politics play out on the center stage and everyone takes a spin at how to curb out of control debt crisis from pulling us back deeper than the great recession.

Watch your stocks and your dollars, this could be the big one. This could be a long, slow, steady downward economic trench we are heading to. The rising inflation, interest rates, gas prices, etc. will make the last recession look tame. I understand why S and P gave the US a poor credit rating. Our best option is to default China or simply print 3 trillion dollars and monetize the debt. We are not going to not pay them. So what will Washington scramble to do, once their plan to lower spending fails? They will turn on the printing presses and create enough money to pay China. That will send a signal around the world that the dollar is bad paper, and the markets will crash, the dollar will crash, and our economy, which is based on the dollar, will crash too.

Now more than ever, Gold looks like it could eventually surpass the $2000 mark. Stay tuned to the latest business and world news as it is critical to understand what is going on if you hope to survive this round of economic turmoil.

We really need to start looking at monetizing the debt and getting it over with as a viable option, in my opinion. We have to put limits on the federal governments spending, and limits on local governments expectations too. Our taxes will increase signifigantly, and you can bet entitlement programs will be on the chopping block. At some point, the phrase “it’s not what your country can do, but what you can do for your country” is going to be reborn in Washington. We are going to pay.

It is our own fault, for wanting everything. We need to be more reserved and less materialistic. We will have to pay this off and learn the lesson. We vote for them, we elect them, we direct them. We need to find balance, we have to stop the free ride mentality. We have to stop paying people to not work and sit on their asses all day.

Bottom line is, we have to swallow our own pill. No more stimulus games from the fed, no more increasing the debt ceiling. We need to get back to work. Everyone in America should share this burden equally. This one here is a game changer. This is going to be the beginning of the Change america voted for in 2008. I guess in the end, even though it was not brought on in a way intended, Obama did bring America change. By not doing all of the things he promised, he pushed us over the edge. We are currently in 3 wars, aiding several other countries in their recovery from natural disasters, paying a large portion of our society to not work or be productive, and footing the bill for most healthcare, to name just a few.

An economy, to remain successful, must have realistic expectations and practices. I think that we will be forced to change and hopefully, we will do so swiftly and confidently, so that we can get back to being a country that is realistic and constantly moving forward.

All Rise

So the overnight markets show a steady incline in all precious metals markets. It looks as though April will be a memorable month for gold and silver. It is a long overdue position that is hinged on rising prices in gas and a 3rd war with seemingly no end.

Speaking of war, is the mideast conflict 1, 2, and now 3, at the point where it can be bundled into a new world war? Can it be looked upon as a world movement where ways of corrupt regimes with guns pointed at 3rd world social media starved populations are being pushed into a more democratic system?

All of the above lead to inflation. All of the above lead to higher oil prices, which leads to higher prices of everything. Conflict is expensive. Conflict is what lead us into recession. Conflict is going to send us back into another round of recession.

We all know what is said about not learning from past mistakes. It seems as though the stakes are much higher, but very blurry at that. We have taken the position that sitting idly by while mass crimes against humanity are undertaken by terrorist regimes, is not acceptable and must be stopped at all costs. Well, at least as far as Libya goes. We hope that by helping the rebel opposition militia’s that they will be exposed to us and accept the ways of the west and keep us out of their sights in the future.

hmmmm………

I hate to throw the Afghanistan card into the deck, but the pictures in the headlines look a lot like the Russian Afghanistan conflict where we supplied the rebels (Al Qaeda) with weapons, training, and money and that did wonders for the relationship between the west and middle east.

We all know how that story goes. We all know what Iraq and Afghanistan have cost us. We all know that these types of war have no end. I often question if it is even war? When there is no clear goals in victory, the fighting is never going to end. At what point do we exit? When the ruling regime is overthrown? When the successor regime is in power? When the population is satisfied and tired of occupation and outsiders meddling with its system?

On a refreshing note, the government may shut down as there is no budget. I hate to be the one to say it, but can we try this out for a few months? Maybe the government should shut down every year from June till late August, just like public schools. We can pull out of Afghanistan, Iraq, and Libya, and everyone can go about their lives. Come August, they can slowly get back into the game and start bickering amongst themselves and resume meeting with lobbyists to pass new legislation that alters all of our lives………….

Oh, I remind you to be on the lookout for radioactive Tuna, and pass on the nuke sushi….. I hear there is a large pool of freshwater in the north atlantic that may cause northern europe to freeze over and could disrupt marine life in the atlantic??? Also, there is a rapidly depleting ozone in the northern most hemisphere of our planet and has depleted at a rate far exceeding anything ever recorded in history. About 40% of the ozone has vanished into thin, well, atmosphere?? Time to put away the aqua net and aerosol spray cans again……….Maybe we can convert some old nuclear plants into ozone generators?

So with global wide disaster seemingly widespread and with cause, I want to briefly mention that Toyota is in the running for worst year ever. After being sabotaged by recall after recall, they now have a corolla that comes with a lifetime supply of potassium iodide included free. Seems as though they went from #1 to #cantcatchabreak.

Lets hope that gold will be propelled past $1500, and I am hopeful for some hyper growth in Silver, I’d like to see $55 by end of next week, while it is an unlikely gain, I am very short on patience. Sell your toyota shares and put it into silver. I am putting gold at $1480 by end of next week………..time will tell.

Spring Thaw

So with the dollar advancing, oil declining, and unemployment declining, gold & silver move forward on inflation fears. Obviously, with emerging economies creating more demand for commodities and other basic necessities of any given society, we face rising prices.

The government still bickering over a budget or facing a shutdown does not seem to faze much of anything. Would it make any huge difference if anyone was at the wheel anyway? I think the recent increase in economic indicators is a reflection of a more hands off policy and the economy working its own way out of recession. Too many people in the kitchen causes disarray in our system, much like the radioactive seawater pouring into the surrounding ecosystem in the pacific ocean, it is disruptive and chaotic, causing adverse reaction to any non ordinary action.

As for jobs, they may be at a barebones level, but that will remain. America no longer has qualified manufacturing or service. It is not that we cannot compete, it is that we choose not to. It has to come from the individual. Our education system is perhaps the single most important thing we neglect. Obama should have made his mark by reforming education, not healthcare. We really do not need more healthy people, no disregard for the unhealthy, but we really do need more intelligent people.

I think that Washington as a whole is a better scene now than 6 months ago. I think the economy is that much better too. I am hoping the republican party will back down more slightly and the democrats can reach out just a bit more, and come to a point of reconciliation. The public sector deserves a more functional system. For the average US Citizen, things are looking up. Jobs are beginning to recover. Health care is just around the corner, maybe. It is spring.

We still have to watch out for Oil & Food prices. Those two could cause a disruption in the recovery. We are not out of the woods yet. If inflation gets out of control, it can be the tipping point for many households. We are hearing less and less about mortgage woes and that is the best sign of recovery yet. Households are adjusting to joblessness and rising costs.

I think if I were at the wheel, I would be looking closely at alternative energy and looking at how we can begin the painful process of finding alternative ways to heat homes and provide electricity. The change should not always be focused on the automotive sector and lightbulbs. I think that getting homes off of oil and gas, and moving over to using sunlight, wind, and highly efficient pellet burning furnaces will provide a solid shift in our energy dependence. Maybe enough to keep oil prices within a tolerable range.

The second thing I would do perhaps is to try to regain some jobs by offering free training in what I see as attainable jobs. What I mean by this are jobs that people can be trained to do quickly and with a high rate of  success. Jobs such as website developers, factory workers, and clean energy products installation. If local colleges were to offer free courses for adults, then we can maybe expect to take some jobs back from overseas, and see a jump in homeowners using smaller wind turbines for electricity, solar panels, heating alternatives, etc. As for factory jobs, we need factories that are capable of producing smaller runs of various products. Versatile factories that can produce a variety of goods are better than ones that produce a single category of goods. I would attempt to reallocate funds that are normally given to the needy, and put them into an environment where they produce low-cost, high quality goods. It is better an option than our companies here going abroad to get an order completed within a budget. We are giving the money away anyhow. It just makes sense to me that it will encourage people to contribute.

With all that said, I think it just takes some creativity and some minor adjustment to get things back on track. I still see gold peaking at $1640. India demand is expected to remain significant despite the rising prices so if that is the case, we are good into next year. Sell every bit of gold you have at $1625, buy silver with your profits. Silver is long so hang in there.

I expect silver to be in the early stages of a long overdue bull run at market realized adjustment so look past 100 USD per ounce. With its many uses and short supply, it will be filling many safety deposit boxes for years to come, while industrial applications will depend on it for its versatile applications. Look at the relationship between platinum and palladium. While platinum backed off of its above 2000 USD highs, palladium slowly made its way to 800 USD as an alternative handy man metal special. Silver will do the same, and with renewed interest as an investment vehicle, it will give the $15o levels some testing, in my opinion. It is the alt metal for gold as a conductor, ornamental, and investment metal, so as gold is backing off, silver will continue to rise as demand peaks.

Enjoy the break in weather and for those heading off to vacation, R E L A X!!!