First, I would like to say I'm very proud of Arkansas and Kentucky. These states have through a big middle finger to Obama yesterday.
From Business Insider:
At least this closer-than-expected call was to a living, breathing person.
Hours after President Barack Obama lost 40 percent of the vote in Kentucky to "Uncommitted," Democratic challenger and human being John Wolfe gave him another contest in Arkansas, in what has become a recurring theme the past two weeks in Appalachia.
The Associated Press called Arkansas for Obama around 11:20 p.m. ET on Tuesday, nearly three hours after the polls closed there.
As of 12:40 a.m. ET on Wednesday, it looked like Wolfe, a perennial candidate and attorney from Tennessee, would get more than 40 percent of the vote. He stood at 41 percent with 89 percent of precincts reporting.
This adds to a string of recent setbacks in southern and Appalachian states for Obama. The first embarrassment came two weeks ago in West Virginia, when 41 percent of Democrats there voted for felon Keith Judd, who is currently in jail.
With almost 100 percent reporting in Kentucky by 12:30 p.m. ET, it was clear that Obama had suffered the most humiliating close call to "Uncommitted" — that choice garnered more than 42 percent of the vote.
A couple things to note here: These results are largely symbolic, if anything. Though they will give Republicans plenty of fodder for the campaign season — especially, say, in three Kentucky counties bordering Ohio that Obama actually lost to "Uncommitted." That said, Obama isn't going to win Kentucky, Arkansas or West Virginia in November.
Also, it's worth pointing out that in Kentucky, Obama actually compiled more votes than Republican winner — and general election challenger — Mitt Romney. Both contests are now symbolic, of course, but Republicans still have more of a reason to go out and vote in their primary. Ron Paul, Rick Santorum, Newt Gingrich and Republicans' version of "Uncommitted" combined for about 33 percent in Kentucky.
In Arkansas, Obama did not get more votes than Romney. Romney received just less than 70 percent of the vote there.
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This presentation is fantastic. It's a little long so I'm going to show you just a few that really stood out to me.
Gold Has Worldwide Appeal Year Round
Frank Holmes recently gave a monster presentation that included over 70 charts supporting his bullish call on gold. Here's one of the more informal charts that captures the idea that gold is loved across cultures.
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This is a great interview that Krieger did with TF Metals. It's about 30 minutes long, but it's something everyone should listen to. Click on the play arrow.
Liberty, Miners, and Jaime Dimon
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From Larry Levin:
Sorry Fraud street bankers, your friends at the Treasury may be limiting your access to the golden goose.
According to a report released by Reuters (http://www.reuters.com/article/2012/05/21/us-usa-treasuries-china-idUSBRE84K11720120521), China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury. This is the Treasury’s first ever direct relationship with a foreign government.
Only certain Wall Street banks can serve as primary dealers of U.S. Treasuries, which will then bid on the government’s behalf at Treasury auctions. The other central banks that are large purchasers of U.S. Treasuries, including the Bank of Japan, continue to use these designated banks as the go between.
It’s the classic example of how Wall Street plays a rigged game where they are the only player so they always win.
On one hand, by bidding directly, China stops the Fraud Street banksters from exploiting their inter-twisted relationship with the Fed. The collusive Wall Street banks can drive up the auction price with their enormous purchasing power in a given Treasury auction.
Unfortunately, giving China direct bidder status may be giving a not-so friendly foreign superpower way too much leverage, as it currently holds $1.17 trillion in U.S. Treasuries.
Food for thought.
Trade well and follow the trend, not the so-called “experts.”
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From By The Numbers:
The median down payment (stated as a percentage of the home purchase price) made by first-time home buyers in calendar year 2011 was just 5% (source: National Association of Realtors).
American consumers spent $46.6 billion at gas stations in April 2012, $20.1 billion more than the $26.5 billion spent at gas stations 3 years earlier in April 2009, i.e., Americans spent $670 million a day more at gas stations in April 2012 when compared to amounts spent in April 2009 (source: Commerce Department).
Medicare enrollment is projected to rise from 49 million in 2011 to 66 million in 2021, an increase of +35% over the next 10 years. Medicare expenditures over the same 10 years are projected to rise from $549 billion in 2011 to $1 trillion in 2021, an increase of +83% (source: Medicare).
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This is the funniest thing I've seen on TV in a while. If you don't watch How I Met Your Mother, you are missing out. Barney Stinson is a fantastic character. I don't even think of NPH as Doogie Howser anymore.
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