Loading ...Federal Judge Finds Obama Amnesty is Unconstitutional
The Washington Times is reporting that a Federal Judge Arthur J. Schwab, sitting in the western district of Pennsylvania, “has found parts of President Obama’s new deportation amnesty to be unconstitutional, issuing a scathing memo Tuesday accusing him of usurping Congress’s power to make laws, and dismantling most of the White House’s legal reasoning for circumventing Congress.”
Judge Arthur J. Schwab said “…presidents do have powers to use discretion in deciding how to enforce the law, but said Mr. Obama’s new policy goes well beyond that, setting up a full system for granting legal protections to broad groups of individuals.” He said Mr. Obama writing laws — a power that’s “reserved for Congress, not the president.”
“President Obama’s unilateral legislative action violates the separation of powers provided for in the United States Constitution as well as the Take Care Clause, and therefore is unconstitutional,” Judge Schwab wrote.
The judge also said the policy allows illegal immigrants “to obtain substantive rights.”
The memo came as part of a deportation case before the judge, and Judge Schwab’s order does not invalidate the president’s policies. But it serves as a warning shot as other direct challenges to the new amnesty begin to make their way through the courts.
re Armstrongs number indicate a PM drop to 700s
He’s out of his mind. For the TPTB to create a Dollar high enough to provide $700 gold, the US production end of the economy would end up back in contraction. We already went thru that, 1980 to 2001, to help develop or grow third world nations.
Scruffy 8:46
Lol good it’s popped at end of year but don’t be to eager or some to think this is it yet. Hopefully it will carry through but at least not as low as Armstrongs number he said would indicate a PM drop to 700s levels of it fell below 1150 think it was. If we get a move up for the next few months then we can probably expect some consolidation in spring. Not saying that will happen but something to watch for.
The latest news is that Mr. Jeb Bush is way ahead among his Republican rivals for the presidential nomination, leading to a beautiful setup for the battle of the dynasties: Bush versus Clinton in 2016. I believe that insulting prospect would be the wake-up call that will hit the American people upside the head and wake them out of their zombie rapture. A third party will arise. It may be a good one or a bad one, but it will blow the existing order of things apart, as it should.
Another point…polls and the printed lies of manipulation
Head_line….for non thinking heads…
It Wasn’t North Korea Or Russia: Sony Hack “Perpetrator” Said To Be Laid-Off, Disgruntled Employee
Hum….And how will the Think Tankers cover this up….smile. But But…”I know nothing about missing aircraft…honest”.
.
The Gallup Polls have been a tool of the Kingmakers for decades
If you chose the wording of a poll , you control the outcome .
Presidential elections have been determined by news reports of Gallup polls based on a sampling of only a couple of hundred citizens ( and those were probably selected ) . The minuscule percentage of the whole population was not reported . This trick goes back to the 1930’s . Phyliss Schlafly’s book ‘A Choice , not an Echo’ first published in 1964 and recently updated describes how the true conservative movement was co-opted this way . Well worth reading . Eisenhower was chosen instead of Taft , then went on to win the presidency this way , but on his way out , near the end of his term of office warned of the military-industrial complex ( funded by the banks .) I am sure that displeased the kingmakers who put him in the White House .
I would say that America came off the tracks when states’ rights were destroyed by the federalist movement during the civil war . I doubt that it can be restored . Most of us are pawns of the banks , which are all too happy to loan the country the fiat needed to fund global wars , foreign aid , domestic programs , ‘carbon payments’ , etc.
18 Trillion in debt ? What a joke !
That is only the tip of the iceberg , visible above the deep fog bank , above the waterline .
Hacker steals fingerprint from photo, suggests politicians wear gloves in public
A German computer hacker has demonstrated how easy it is to foil biometric fingerprint security by using nothing but commercial software and a couple of high resolution photos of one’s hand. To prove it, he recreated the German defense minister’s print.
German hacker Jan Krissler, aka ‘Starbug,’ claimed that by using a high resolution photograph and freely available commercial software, he could replicate the German defense minister’s fingerprint, implying that it would be enough to hack her biometric security.
“After this talk, politicians will presumably wear gloves when talking in public,” Starbug told the Chaos Computer Club (CCC) conference.
Krissler took a photo of Defense Minister Ursula von der Leyen’s thumb from a distance of three meters, plus several other pictures of her thumb taken at different times, and used a program called Verifinger to recreate the print.
more http://rt.com/news/218587-hacker-fingerprint-minister-photo/
Does the Gallop Poll now just make up stuff?
Obama, Hillary extend run as most admired.
Gold Surges Above $1200 On Heavy Volume As USDJPY, Treasury Yields Tumble
Tyler Durden’s pictureSubmitted by Tyler Durden on 12/30/2014 08:37 -0500
USDJPY has tumbled overnight back below 119.50, dragging stocks (equity futures now at session lows) and Treasury yields with it. But it appears the Gold/Yen trade that is reacting most significantly as a huge volume flushes through futures markets spiking Gold back above $1200…
Yen moved first then Gold reacted to keep the least famous pairs trade alive…
U.S. agency gives quiet nod to light oil exports – sources
(Reuters) – The main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions.
In conversations that may help clear the way for more overseas sales of U.S. shale oil, the Commerce Department’s Bureau of Industry and Security (BIS) has told companies seeking clarification on the legal status of so-called “processed condensate” that self-classification – whereby companies export their product without any formal authorization – could be a way forward, the people told Reuters.
An official familiar with the law said the agency’s discussions did not represent a change in policy since self-classification is allowed under U.S. export controls and is a routine, common practice for the majority of exports.
Yet the message, though carefully couched as an informal suggestion, marks the first sign that the administration is becoming comfortable about allowing companies to work around the nation’s four-decades-old ban on exporting untreated crude oil.
more http://www.reuters.com/article/2014/12/30/us-usa-crude-exports-exclusive-idUSKBN0K80SE20141230
@Richey re 9:00
I just read Stockman’s story. I can’t buy it. I was very surprised to see so many things wrong with it. So many things left out, not mentioned. Considering he worked for the gov’t, an insider, that might explain why his story is baloney imo. Maybe he just wants to sell books or something.
No mention of the strong dollar policy thru the 1990s. The 2001 dot com peak/bust. The Dow gold ration rotation in 2001. The recession that started in 2000. The 9/11 attack in late 2001 forcing the panic dropping of rates to over ride the 9/11 effect.
Commodities in strong dollar deflation all thru 1980 to 2001. THAT alone HAD to cause many producers to close up. Little George had to put tariffs on imported lumber and steel until the lower dollar got prices higher.
Who is he to talk about Copper? Copper was $1 plus or minus 50 cents, 1971 thru 2004. China was BOOMING after 1990, and copper stayed flat. Low suppressed prices generally cause loss of production and higher later.
That’s it for stockman in my opinion. I can blow a lot more holes in his story.
Winedoc,
Additionally, Winedoc, PEEK Mousse, metal polish…I do my service silver ware with this remarkable product. (Caveat, I do not own shares in the company , smile) Sincerely, the most remarkable product I ever used in silver preservation and brightening. Enough….it is truthfully a worthy product to mention and pass along
Stockmans flashingly brilliant take on deflation=falling prices are the product of a fracturing monetary supernova that was a unique and never before experienced aberration
caused by the 1990s rise, and then the subsequent lunatic expansion after the 2008 crisis, of a cancerous regime of Keynesian central banking.Commodity Prices Are Cliff-Diving Due To The Fracturing Monetary Supernova—
The Case Of Iron Ore
by David Stockman • December 29, 2014
Crude oil is not the only commodity that is crashing. Iron ore is on a similar trajectory and for a common reason. Namely, the two-decade-long economic boom fueled by the money printing rampage of the world’s central banks is beginning to cool rapidly. What the old-time Austrians called “malinvestment” and what Warren Buffet once referred to as the “naked swimmers” exposed by a receding tide is now becoming all too apparent.
This cooling phase is graphically evident in the cliff-diving movement of most industrial commodities. But it is important to recognize that these are not indicative of some timeless and repetitive cycle—–or an example merely of the old adage that high prices are their own best cure.
Instead, today’s plunging commodity prices represent something new under the sun. That is, they are the product of a fracturing monetary supernova that was a unique and never before experienced aberration caused by the 1990s rise, and then the subsequent lunatic expansion after the 2008 crisis, of a cancerous regime of Keynesian central banking.
Stated differently, the worldwide economic and industrial boom since the early 1990s was not indicative of sublime human progress or the break-out of a newly energetic market capitalism on a global basis. Instead, the approximate $50 trillion gain in the reported global GDP over the past two decades was an unhealthy and unsustainable economic deformation financed by a vast outpouring of fiat credit and false prices in the capital markets.
Needless to say, the same thing is true of copper. Its historical benchmarks were in the 60 cents to 100 cents per pound range. Yet after 1994, the global bubble—again led by the enormous credit explosion and currency exchange rate suppression in China and its BRIC satellites—carried the price to $4 per pound in the eve of the financial crisis, and then to nearly $5 during the peak of China’s post-crisis credit explosion.
Indeed, in the case of copper, not only was the cycle driven by unsustainable construction demand; it was also powered by dodgy forms of financial engineering that turned copper inventories into financing collateral that was sometimes re-hypothecated many times over.
The exact same considerations apply most especially to crude oil. China’s GDP grew from $1 trillion to $9 trillion during the 13 years after the turn of the century. Growth of such enormous proportions is not remotely possible in an honest economy based on productivity, savings, investment and sound money. Likewise, China’s call on the global oil supply system—-which soared by 4X from 3 million bbls/day to nearly 12 million—–is also a drastic aberration; it is a product of runaway credit creation that financed false “demand”.
And that was only the beginning of the aberration. The China engine pulled additional false petroleum demand into the world market equation due to the boom among its suppliers—such as Brazil, Canada and Australia for raw materials and South Korea and Taiwan for components and parts. Output levels and petroleum consumption in Germany and the US were also goosed by China’s voracious demand for German capital goods and Caterpillar’s heavy machinery, for example.
Accordingly, the crude oil price path shown below reflects the same global monetary supernova. The $20 price in place during the 1990s was no higher in inflation adjusted terms than it had been one century earlier when the mighty Spindletop gusher was discovered in East Texas in 1901. By contrast, the 5X eruption to north of $100 per barrel during this century represents the impact of fiat credit and false capital market prices deforming the entire warp and woof of the global economy.
Is this it, Grin…up and away….to the moon Alice…train leaving the station, stuff?
Winedoc, a magnificent investment of unworthy fiat, smile. I sincerely hope it remains in your family for generations to come. It is an excellent example of insightful wealth preservation. I would suggest if the platter could share its “story ” it would be interesting. The hallmarks are English , I assume?
To you and all, Happy New Year….and may the forces of gold and silver win the day.
I frankly do not think “this colorful wagon of a nation” will make it into the pass safely into 2016…my prediction.
Gold Train
Rio Grande Ski Train heading up the mountain to Winter Park, CO.
http://www.railpictures.net/photo/511793
CoffeeTime: Sterling Silver is a Nice Buy at These Prices ….. 1053 gm
………. even with the currency exchange and spread, 60 cents a gram CDN 🙂
Shines Up Pretty Sweet Don’t Ya Think ??
Winedoc
While every field of investment is hit taxation without representation will rise.
It’s the first year all taxpayers have to report to the Internal Revenue Service whether they had health insurance for the previous year, as required under President Barack Obama’s law. Those who were uninsured face fines, unless they qualify for one of about 30 exemptions, most of which involve financial hardships.
Dayna Dayson of Phoenix estimates that she’ll have to pay the taxman $290 when she files her federal return. Dayson, who’s in her early 30s, works in marketing and doesn’t have a lot left over each month after housing, transportation and other fixed costs. She’d like health insurance but she couldn’t afford it in 2014, as required by the law.
“It’s touted as this amazing thing, but right now, for me, it doesn’t fit into my budget,” she said.
What many people don’t realize is that the penalties go up significantly in 2015. Only 3 percent of uninsured people know what the fine for 2015 will be, according to a recent poll by the nonpartisan Kaiser Family Foundation.
Figuring out your potential exposure if you’re uninsured isn’t simple.
For 2014, the fine is the greater of $95 per person or 1 percent of household income above the threshold for filing taxes. It will jump in 2015 to the greater of 2 percent of income or $325. By 2016, the average fine will be about $1,100, based on government figures.
Read Latest Breaking News from Newsmax.com http://www.NewsmaxHealth.com/Health-News/obamacare-fines-rise/2014/12/29/id/
Sooners get mangled by Clemson
Bob “bowl bust” Stoops embarassed again after a great win last year against the Crimson Tide.
rno
Crude Oil – In the Grips of Massive Deflationary Cycle
Posted on December 29, 2014 by Martin Armstrong
CrudeOil- 2014
Our original forecast for oil back in 1997 was that it should rise to reach the $100 level at least by 2007. We reached $99.29 in 2007 and then 2008 was a wild trading year reaching $147.27 intraday crashing back to $35.13 and closing the year at $44.60. Oil made the intraday low in 2009 and then rallied back into 2011 to score the highest yearly closing at $98.83. We can see from the chart above back to 1902, the rally from the 1998 low was a perfect 13 year event.
We warned that a year-end closing BELOW $57 will signal a sharp decline should continue. It certainly appears that will be accomplished and then we will look for a retest of the $35-$31 level. We see a Panic Cycle ahead on our yearly models as well.
Overall, this is part of the meltdown for BIG BANG. There is not going to be much left standing as every field of investment and economy should be hit rather hard. We will be looking at putting out a special report on Energy for this is part of the massive global deflationary cycle underway.
eeos – I am not taking about organized religion.
I am talking about the principles this country was founded upon.
Bill Holter …………………………… Jack and Jill, broken
Fact or Fiction?
This past year was jam packed with news of all sorts. Some was surprising, some of it was expected, while other news seemed to either be another dot to connect or an outlier dot to be connected later. We even got news from time to time which even in today’s world could be considered bizarre or surreal. Suffice it to say, were we receiving the current news of today just 15 years back, the financial and social worlds would have been in outright panic. Not so today, the sheep are sound asleep even while a few well intending herders are sounding the alarm. The populace in general have become dumbed down, beaten down and barely able to read past whatever headline it happens to be for the day. Let’s call the condition “comfortably numb”…
I promised to write a “fictional” account of what my thoughts were “the day after” the financial lights go out. This effort could easily be expanded into a full book because the ramifications of the coming credit meltdown are so far reaching. The following is my opinion and as such, if you don’t agree with some of the possibilities I will provide, then please just smile, grin and bear it or just stop reading. Here goes…
For years Jack and Jill America had gone through the daily life of what they believed was the American dream. They’ve been married 25 years and have their 2.3 children. Life has been getting tougher though, Jack and Jill both work but neither has had a substantive raise in nearly 10 years and their firstborn is now 3 years into college with the younger one getting ready for next fall. They have accumulated some assets over the years but will have to refi their home’s equity to complete paying for college. They’ve done everything they were told to do by the mainstream. They’ve contributed to their 401K’s at work and even added to personal IRA’s and even 529 plans to help pay for college. Jack and Jill have so far “climbed the hill” of life without any major setbacks, this is about to change as will their entire life!
Going into a long weekend, Jack and Jill have a conversation over dinner. They talk about the recent headlines they’ve been reading and the topic turns to the economy and markets. The Dow just five days ago hit an all-time high and the employment news earlier in the morning was really good! The problem is, the employment news said the housing industry was doing terrific, particularly in their region. Jill works in the mortgage market and Jack works for a bank so they both know this news doesn’t really add up, the discussion morphs into “are they really telling us the truth”?
Then, something starts to happen at the front of the restaurant. It looks like four or five couples are all arguing with the owner and the discussion is becoming heated. You see, their credit cards are not working, none of them! One gentleman slips out to cross the street and get cash from the ATM to pay his bill …but he came back empty handed. The “tone” begins to change once another customer who went to a different ATM machine returns with the news his card was also denied. The owner decides to call the police because it looks like he is going to be stiffed on most all of the tables since he generally is paid by credit or debit card 85-90% of the time. The police inform him this is happening everywhere in the city, at gas stations, Walmart, restaurants, everywhere! So, Jack leaves his business card and promises to come back on Monday to pay, a nice gesture but one he had no idea was pointless!
They spend the weekend watching the news feverishly because they found out it was not “just” their city having these problems …it was all across the nation. They feel some relief on Saturday morning as the “news” tells them a coordinated hack attack has taken down the clearing system for banks and is only temporary…but their warm fuzzy feeling turns to near fear when they go online to the internet. It turns out, the banks are being closed indefinitely and something about China and gold …and dollars being refused by foreigners. Jack doesn’t get it nor does Jill, how can this be? What do you mean the banks are closed and dollars not being accepted? Dollars are used all over the world …and what is Jack supposed to do Monday morning if his bank is closed? Will they still pay him his salary?
Monday morning comes and Jack goes to work only to find a sign in the front door “Bank closed indefinitely, sorry for the inconvenience” and a sign on the employee entrance with a phone number to call. He calls and gets a recording, “due to circumstances out of our control, you will not be required to attend work until further notice”. A cold chill washes down his back and he calls Jill. She is already on her way home because her mortgage company is also closed, what are they going to do they wonder? The first thought in both their minds is “food,” what are we going to do for food? When they meet back at the house, Jack pulls out $300 from a drawer that he tucked away after coming back from vacation last month. On their way to the store, they see huge lines as they pass gas stations. They both wonder why there are lines since credit cards aren’t working but they soon find out …the grocery store is mobbed and the shelves are almost bare. All of the canned goods are gone as are the basic staples like rice, pasta and beans. There are a few vegetables left, along with spices and condiments but nothing else. They were apparently too late.
As they were leaving the store, Jill thought, “what about dog food” for our 3 beloved canine children? Just as she started to say something, shots rang out and a big commotion near aisle nine. Oh my God said Jack, this whole thing is breaking down! They rushed out of harm’s way, got in their car and sped home. How could this happen they wondered as the stock market was near all-time highs? How could “hackers” create such a havoc and now apparently some lives are going to be lost? How could this happen, THIS IS AMERICA!
As they pull into their subdivision with the intent of getting online to get a better idea of what was actually happening, they are stunned when they see a sign at the front gate. The sign says “MANDATORY MEETING for ALL HOMEOWNERS tonight at 7:00 PM”. They just look at each other and say “this is not good”. What is going to happen? They were about to find out!
With trepidation, Jack and Jill showed up at the completely filled community center, the pitch and decibel level were off the charts. So much commotion and so loud, until some guy started clanging two metal garbage can tops together to get people to quiet down. As it turns out, the “guy” happens to be a long time County Sherriff’s Deputy, Dave. He informs the crowd that they are now on their own, as is everyone else in the country. The banking system has come down and will not be back up for an indefinite period of time, “the big one” everyone knew was coming but had ignored for so long, has finally arrived. The National Guard has been called out to the cities as have regular military. The cities are war zones he says, it’s only a matter of time before it spills out and into the suburbs.
The deputy also informs everyone that he will not be going to work the next day as he would not be paid anyway. He lives in this neighborhood and plans to stay home to protect his family and belongings, he also informs “all of my other coworkers have made the same decision,” we are all on our own now. Most shocking to Jill was when he asked for a show of hands as to who had firearms and who didn’t. She had no idea that almost three quarters of her neighborhood had guns. She was not a real fan of guns but Jack convinced her they should get their concealed handgun licenses. They had had their licenses for several years but the sad part is they never bought any guns because they didn’t see any immediate need, they do now!
Deputy Dave pretty much took over from that point. He chose who he wanted “guarding the gates” for a rotation on a 24 hour basis. The neighborhood also had several ex-military personnel. In almost light switch fashion, the community turned into a functioning military garrison. He also made clear, any crime from within would be dealt with swiftly and severely, theft of anything from within would be considered a capital offense. Groups began to form. Close neighbors began to group up and talk to each other. Jack and Jill saw three of their immediate neighbors all together and approached them. What are we going to do they all asked?
What exactly did “indefinitely” mean? One neighbor said he didn’t think there would be much of a problem for more than a week or so as his computer geek friends told him the problem was being fixed. Another neighbor said he wouldn’t be so sure of that, the Chinese have asked for an audit of U.S. gold and would not accept any dollars for any trade until they were satisfied we still had some gold to back our dollars. He went on to say the Chinese were rumored to be paying $50,000 per ounce for any and all gold for sale which would make U.S. gold worth trillions of $ …if we still had it. Jack asked the question, “what does gold have to do with any of this, dollars are in the banks, not gold?” You see, Jack, (like 95%+ of the populace) even being in the financial world didn’t understand what was happening even after the fact. His ignorant bliss was being shattered.
Several days passed, the dog food was almost all gone. Jack looked in the pantry and calculated they could keep eating for another 5 days before the food was completely gone. There had been talk about food pantries the government was setting up in cities, word also got around about one opening in the little town three miles away. Jack thought to himself, at least we won’t starve. His relief then turned to panic as Jill came in from next door, she was just informed that one of the neighbors was shot and killed as he was leaving town. He had gone in and bartered for a little bit of food, now, he and the food were both gone. In less than one full week, the United States had gone from “model civility” to lawlessness.
Jack was furiously thinking about what he could do to feed his family. He remembered the little old lady down by the river who had chickens, maybe he could buy some eggs? She was only two miles away and it would be safe to go on foot by jumping a couple of fence lines, so he told Jill his plan and set out with his $300 cash in hand. Sure enough, the little old lady was there and she met Jack with a shotgun pointed, she remembered him though from the bank. Jack asked if he could buy some eggs and she said “with what?”. Jack told her he would gladly give her $20 for a dozen eggs and the old lady just laughed at him. He said “how about $100 for a dozen?” she laughed again and said he couldn’t have any eggs for $1,000. She would however consider accepting something “real” in exchange. If he had a bicycle, or some 20 gage shotgun shells or something she could use, then he’d have some eggs. She thought to herself, this guy is a banker and understands money, maybe he has silver for exchange? … (Fat chance, I had to throw this one in for laughs!)
okay commish enough bs
you’re forgetting that organized religion can’t keep your story straight. first the earth was the universe, you know in man’s spirit…. and then st cornucopias from his deathbed anounced that the Sun was the center of the universe. and then we set up the hubble telescope and we decided the earth isn’t the center of the universe nor is the Sun. And the Sun nor the earth we’re the center of the universe. and now we’ve decided there’s lots of universes. billions in fact. but you need to believe the story that’s told in the golden book. for its surely the right story. but sit down and let me read you a chapter brother. from the Golden Book of course. and I suppose in at another hundred years or two we will try to rewrite the book again. let’s keep it relevant of course. and the biggest fairy tale of all, it was all made in 7 days. I don’t need to watch no damned TV channels
silverboom @ 11:48 re Time to turn the tables on these minority ingrates
Thanks for the comeback. Little by little I think more and more Americans are getting fed up with all the attention and favoritism mandated for minorities. Too many square pegs shoved into round holes. We constantly have an Al Sharpton, Jessie Jackson party in charge.