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For all the hog fans out there, this is a cool picture. Too bad we lost the game...
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I've been saying for a while that Buffett is a has been. I want you to read these comments from him and Stansberry Research, then watch the video.
Buffett also dedicated part of his letter to discussing his distaste for gold and gold stocks. He still prefers farmland, operating companies, and cash. But according to executives at the world's largest gold mining companies, their stocks are poised to rally.
"At some point, we become so inexpensive on a cash flow per share multiple that it makes no sense for buyers not to acquire the stock," Goldcorp CEO Chuck Jeannes said in a February 15 interview with Bloomberg. Gold-mining shares have fallen out of favor as investors moved capital into gold-backed exchange-traded funds (ETFs) and other proxies for physical gold. Over the past five years, the NYSE Arca Gold BUGS Index (the HUI), which includes the world's biggest mining stocks, has advanced 53%. Spot gold prices have more than doubled over the same time frame. Aaron Regent, CEO of the world's largest gold miner, Barrick Gold, said gold-mining stocks are heading for an "inflection point" and will soon rally.
True Wealth Systems analyst Brett Eversole wrote about this relationship in the February 13 DailyWealth…
You should consider buying gold stocks right now…
The opportunity is just too good to pass up. The last time these particular conditions came together, gold stocks rallied 121% in 12 months.
Let me explain the opportunity…
Typically, if gold goes up, gold stocks move even higher. And if gold goes down, gold stocks fall even more.
But during 2011, that relationship broke down. Take a look…
The chart shows the price of gold in blue and gold stocks in black. You can see that in 2009 and 2010, gold stocks performed as expected… They tracked the price of gold, but with more volatility.
But as you can see, that relationship fell apart in 2011… Last year, gold moved higher for the 11th straight year, gaining 10%. But gold stocks actually fell 16%.
Matt Badiali, our resident gold expert, sent me the following note about China's huge appetite for gold…
Imagine going to your favorite Macy's department store to pick up a couple of quarter-ounce bars of gold. In China, you can. Beijing's Caishikou Department Store carries gold jewelry, but it also sells gold bars. The Chinese people are so gold-focused that they are lining up at the gold-bar counter of the department store.
China will likely become the world's largest consumer of gold this year. The average person in China views gold as safety… and so do the country's leaders. China is quietly building up its gold reserves. That could become a major problem for you and me.
Matt has recently released a report describing China's quiet initiative to amass an immense gold reserve… and ultimately back its currency with gold. Given the trillion-plus dollars we owe them and the huge volume of dollars we're creating to cover our debts…
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If you still believe the government/fed reserve can't control the markets, this shows otherwise. Most of trading is created by algos.
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This is from Mike Krieger:
Just curious what sorts of natural causes made a 43 year old collapse. As my friend commented…”He's in decent shape and goes naturally yet Soros and Rockefeller (and the queen and Buffett) look the like living dead walking and live to be 185yrs old.”
Oh and by the way. He claimed to have videos that would expose banker puppet Obama. Don’t believe me? Take a watch. He made this statement 20 days ago. Then drops dead. At least they didn’t use a hot tub this time.
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Here is Mike's letter for the week as well.
“I am convinced that there was a direct line between at least some of the terrorists who carried out the September 11th attacks and the government of Saudi Arabia,” former Senator Bob Graham, Democrat of Florida, said in an affidavit filed as part of a lawsuit brought against the Saudi government and dozens of institutions in the country by families of Sept. 11 victims and others. Mr. Graham led a joint 2002 Congressional inquiry into the attacks.
Their affidavits, which were filed on Friday and have not previously been disclosed, are part of a multibillion-dollar lawsuit that has wound its way through federal courts since 2002. An appellate court, reversing an earlier decision, said in November that foreign nations were not immune to lawsuits under certain terrorism claims, clearing the way for parts of the Saudi case to be reheard in United States District Court in Manhattan.
Still, Washington has continued to stand behind Saudi Arabia publicly, with the Justice Department joining the kingdom in trying to have the lawsuits thrown out of court on the grounds that the Saudis are protected by international immunity.
The senators’ assertions “might inject some temporary strain or awkwardness at a diplomatic level,” said Kenneth L. Wainstein, a senior national security official in the George W. Bush administration. Even so, he said, “the United States and the Saudis have developed strong counterterrorism cooperation over the last decade, and that relationship will not be undermined.”
- NY Times article from today http://www.nytimes.com/2012/03/01/us/graham-and-kerrey-see-possible-saudi-9-11-link.html?_r=2
How fortunate for governments that the people they administer don’t think.
- Adolf Hitler
September 11, 2001: Our Big Lie
I wasn’t planning on writing this week, but so much stuff has come out in the last two days that I couldn’t help myself from trying to get this information out to as wide an audience as possible. Those of you that have been long time readers are aware of the fact that I witnessed 9/11 firsthand. On that fateful morning, I was getting breakfast at 3 World Financial Center when all of a sudden people started panicking and saying we were evacuating the building. I never made it back up to my cubicle and instead took my toast and orange juice downstairs with me. When I got down there I couldn’t believe my eyes. There in from of me was a huge smoldering black hole in the first tower that was hit. I was one block away just starring at this symbol of the city I was born in with sheer terror. People all around starting speculating as to what caused it. I heard ridiculous theories such as a “helicopter hit it.” It looked like a bomb to me. In any event, we all stood there very close until out of nowhere I heard a massive explosion and saw debris spewing from behind the building. In case you are unaware of how the buildings were situated, from my viewpoint the first building that got hit totally blocked the second tower. I didn’t see or hear a plane, just a massive explosion. The ground shook and people started to stampede away. I almost got tossed into a nearby trashcan as my opened orange juice container spilled all over me. I retreated about one hundred yards back to regroup with the herd.
At this point the word had started to get around that two planes had hit the buildings. Several friends and I decided to walk back to my apartment, which at the time was on 12th street between 3rd and 4th avenue. Cell phones didn’t work. My parents and brother who was studying abroad in Australia at the time all thought I might be dead. I saw people jumping to their death. I saw the first building come down in person as I walked home. I never returned to 3 World Financial Center as it became a temporary morgue. Lehman Brothers relocated to the Sheraton Hotels in Midtown for the next several months and my group worked out of a small conference room.
While 9/11 was far more traumatic for many Americans than for myself, it really messed me up emotionally for a while. I thought about joining the armed forces or the newly created Department of Homeland Security. I almost quit my job to get a graduate degree in something I could do to help fight the “war on terror.” The city of my birth was attacked and two great symbols I had seen repeatedly growing up had suddenly vanished. I never once questioned anything about 9/11 for many, many years. I was emotionally reprogrammed. I now realize that was the intent and I am not happy about it.
Look, I will be the first to say I have no idea what really happened on that day, but I can tell you one thing. I am 100% convinced that it wasn’t 19 cave dwelling Al Qaeda members who hate us for our “freedoms.” I can also tell you that two planes didn’t take down three buildings. http://www.youtube.com/watch?v=972ETepp4GI. Building 7. Oh building 7. Explain to me how this massive building came down demolition style when nothing hit it?
The real reason I am writing this piece today is because of a very, very important article from the NY Times, parts of which I have quoted at the top. The article shows how two former Senators have said in sworn statements that they believe the government of Saudi Arabia was directly involved in the attacks. Now, such speculation is not new; however, let’s not forget the very close relationships that many of the elite in the U.S. have with the Saudi government. Furthermore, let’s analyze some of the passages in the article in a little more detail.
Still, Washington has continued to stand behind Saudi Arabia publicly, with the Justice Department joining the kingdom in trying to have the lawsuits thrown out of court on the grounds that the Saudis are protected by international immunity.
The senators’ assertions “might inject some temporary strain or awkwardness at a diplomatic level,” said Kenneth L. Wainstein, a senior national security official in the George W. Bush administration. Even so, he said, “the United States and the Saudis have developed strong counterterrorism cooperation over the last decade, and that relationship will not be undermined.”
Let’s start with the first line. The “Saudis are protected by international immunity.” WTF does that mean? They are protected by international immunity? Where was this international immunity for Iraq before we bombed them into the stone age? Where was the international immunity for Libya before we decided regime change would be a good idea there? Where is the international immunity for Iran now? The hypocrisy and ridiculousness of the propaganda has now reached epic status.
Now to the second line. “Even so, he said, “the United States and the Saudis have developed strong counterterrorism cooperation over the last decade, and that relationship will not be undermined.” If this doesn’t tell you right then and there that the entire “war on terror” is a smokescreen sham then nothing will. So let me get this straight. According to this logic it may not matter that the Saudis were involved in 9/11 because they have been a great ally in counterterrorism. So the guys that played a role in the attack are our allies in fighting themselves. How convenient! 2+2 does indeed equal 5 in the USA.
Now here is a very telling clip to watch from that creep Joe Scarborough, who is probably a creation of Operation Mockingbird http://en.wikipedia.org/wiki/Operation_Mockingbird. Here is the clip. http://www.youtube.com/watch?v=wv_DBMo5Dzc&feature=player_embedded
Did you catch that? When confronted with the potential of Saudi involvement, this little weasel Steven Rattner (remember he was Obama’s car czar) comes out and states “I think it may fall a little bit into the category of things you just kind of don’t want to know.” Excuse me Rattner? Things WHO doesn’t want to know. I sure as hell want to know and I am pretty sure everyone else in America and world wants to know since this event is what led to a massive crackdown on civil liberties and wars all across the world. Not to mention the fact it has led to U.S. fiscal and economic ruin. What he means is that this is something the government doesn’t want YOU to know. Notice how right away he mentions how much oil the Saudis produce. This clip really exposes the mindset of the criminals that make up the U.S. social, political and economic elite.
Then Donnie Deutch says “I don’t know where you go with this,” to which Scarborough states “I don’t think you go anywhere with this.” Go back to sleep America.
Then there is the real kicker. They end the segment debating whether they will be summering in the Hamptons, Martha’s Vineyard or Nantucket. Laughing the whole time. Laughing at their audience for being such stupid sheep.
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Weirdest Celebrity Body Parts!
Part 2!
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