OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

DJmm might as well get one up on tomorrow…

Posted by macroman3 @ 11:05 on June 28, 2015  

Greece gets Cyprus’d – but will it matter for pm’s?

Posted by Buygold @ 10:14 on June 28, 2015  
Tyler Durden's picture

ECB Says “Greek Bank Holiday Now Necessary”

Bloomberg: ECB SAID TO VIEW BANK HOLIDAY FOR GREECE AS NECESSARY

 

The bigger question IMHO is what bonds will do?

Best guess, if we see a selloff in bonds and rising rates like we saw last week, then we’ll know that somewhere some derivatives are blowing up.

Make no mistake, this is the EU taking the Greeks to their knees to influence the referendum. They’ll have them begging the EU to save them.

Richard640 @ 9:50

Posted by ipso facto @ 10:02 on June 28, 2015  

Interesting Libya facts … contrasting with chaos now!

Written by Allen West on June 27th

Posted by Moggy @ 9:58 on June 28, 2015  

Yesterday, as you know, five justices on the SCOTUS redefined what marriage is in America and also found the time to violate the concept of federalism. They decided that an individual’s behavioral choice was grounds to create a new “right” in the U.S. Constitution. Now of course there are those of you who are somewhat despondent, but just know that in every storm there is a rainbow — quite sure y’all get my tongue-in-cheek comment. Yep, since now the SCOTUS has determined it can bequeath a right to marriage across all 50 states, there is an interesting point to be made.

As reported by BearingArms.com, “If you’re following any of the various media outlets this morning, you’re probably aware that the U.S. Supreme Court has just extended gay marriage to all 50 states. The Supreme Court ruled Friday that same-sex couples have a right to marry nationwide, in a historic decision that invalidates gay marriage bans in more than a dozen states. Gay and lesbian couples already can marry in 36 states and the District of Columbia. The court’s ruling on Friday means the remaining 14 states, in the South and Midwest, will have to stop enforcing their bans on same-sex marriage. The outcome is the culmination of two decades of Supreme Court litigation over marriage, and gay rights generally.”

The Court used Section 1 of the Fourteen Amendment to justify its argument, which reads: Amendment XIV Section 1. All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law, which shall abridge the privileges or immunities of citizens of the United States; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

Now here is the kicker, as the writer articulately brings to light: “By using the Constitution in such a manner, the Court argues that the Due Process Clause extends “certain personal choices central to individual dignity and autonomy” accepted in a majority of states across the state lines of a handful of states that still banned the practice. The vast majority of states are “shall issue” on the matter of issuing concealed carry permits, and enjoy reciprocity with a large number of other states. My North Carolina concealed carry permit, for example, was recognized yesterday as being valid in 36 states, which just so happened to be the number of states in which gay marriage was legal yesterday. But 14 states did not recognize my concealed carry permit yesterday. Today they must.

Using the same “due process clause” argument as the Supreme Court just applied to gay marriage, my concealed carry permit must now be recognized as valid in all 50 states and the District of Columbia.

Yes folks, there is a standing right called the Second Amendment, which grants the right to keep and bear arms, and that specifically granted right shall not be infringed. So, the SCOTUS does not need to have a court case and prolonged legal, judicial activism — that right exists.

So, since I have moved from Florida to Texas, my concealed weapons permit is not only transferrable here, but all across the country, in all fifty states — or fifty-seven if you are President Obama. Yeehaw! Thanks to the LGBT community for making it very clear, my constitutionally declared right MUST be recognized in every state. Not only is it my right to keep and bear my arms (weapons) but that personal choice is central to my individual dignity and autonomy — the protection of the unalienable rights granted to me by the Creator, the first of which is life. Hot doggone, I just cannot wait to hear the liberal progressive socialist anti-gun argument against this premise — which is now established!

Perhaps I should probably remind folks of some of the quotes of the Founding Fathers on the Second Amendment:

“Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!” — Benjamin Franklin

“I ask, Sir, what is the militia? It is the whole people. To disarm the people is the best and most effectual way to enslave them.” — George Mason

“No free government was ever founded, or ever preserved its liberty, without uniting the characters of the citizen and soldier in those destined for the defense of the state…such area well-regulated militia, composed of the freeholders, citizen and husbandman, who take up arms to preserve their property, as individuals, and their rights as freemen.” — Richard Henry Lee

“[W]hat country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms.” — Thomas Jefferson

“A free people ought not only to be armed, but disciplined; to which end a uniform and well-digested plan is requisite; and their safety and interest require that they should promote such manufactories as tend to render them independent on others for essential, particularly for military, supplies.” — George Washington

“An armed person is a citizen, and unarmed person is a subject” — Allen B. West…I know, I’m just a regular fella, but just thought I’d sneak this one in.

Now, I suppose someone will say the words of Franklin, Mason, Lee, Jefferson, and Washington are invalid because of some lame excuse like — “ya know they owned slaves.” But the point is simple and easy to comprehend. If the SCOTUS could create a right that is truly non-existent in the Constitution using the 14th Amendment, then it seems reasonable and logical to use the same Due Process Clause of the 14th Amendment and equal protection to extend the concealed carry right to all 50 states.

So here is the call to action: since we are coming up on our 239th Independence Day celebration, let’s all call the White House and inform them that we CCL owners are going to be traveling for the Independence Day holiday and we plan on carrying our weapons wherever the heck we please. And if anyone decides to stop an American citizen and challenge his or her Second Amendment right, then let’s discuss the violation of federalism by the SCOTUS mandating same-sex marriage. As a matter of fact, we expect the ATF to start issuing NATIONAL CCL cards to all of us who are current holders of valid CCLs — heck, we know the DHS is planning on printing ID cards for illegal immigrants.

Therefore, celebrate your 4th of July knowing that the SCOTUS just solidified our right to keep and bear arms — and that no state has the “right” to infringe upon our Second Amendment right. If the violation of federalism works ok for LGBTs — then it works well for gun owners!

Yeehaw!

Foreshadowing … hand me that ouzo Dimitri

Posted by ipso facto @ 9:54 on June 28, 2015  

More than a third of Greek ATMs run dry for a while on Saturday

By George Georgiopoulos and Lefteris Papadimas

ATHENS (Reuters) – More than a third of automated teller machines across Greece ran out of cash on Saturday before they were replenished as Greeks pulled out money on fears their country was set to crash out of the euro, three banking sources said.

Anxious Greeks lined up outside ATMs after Prime Minister Alexis Tsipras made a surprise call for a referendum on austerity terms demanded by lenders, throwing talks with lenders in disarray and putting Greece on the verge of a default.

About 35 percent of the ATM network – some 2,000 out of the 5,500 ATMs across Greece – ran out of euro banknotes at one point during the day and were being replenished, the bankers said. Banks were working in coordination with the central bank to keep the network fed with cash, they said.

Replenishing ATMs usually takes one to two hours per ATM, leading to the long lines, one banking source said.

Around 600 million euros was withdrawn from the banking system on Saturday, one senior banker at one of Greece’s four big lenders told Reuters. A second banker estimated the outflow at more than 500 million euros

more https://ca.news.yahoo.com/more-third-greek-atms-run-dry-while-saturday-185023923–sector.html

Mr Copper–how many suffering citizens of Iraq, Syria, Libya and Yemen wish they could turn back the clock to when their

Posted by Richard640 @ 9:50 on June 28, 2015  

dictators ran the country–despite all the faults of the old regimes, they had a safe civil society–running water-healthcare-food, ‘electric and schools

The U.S. does not understand that tribal/multi-ethnic states need a strong man–like Tito was….Gadaffi’s crime was nationalizing its own oil and spending on its citizens–so was el jefe’s crime in Venezuela…

Was Libya better under the rule of Gaddafi?

Facts about Libya under Gaddafi that you probably did not know about !

Here are some Facts you probably do not know about Libya under Muammar Gaddafi:
• There was no electricity bills in Libya; electricity is free … for all its citizens.
• There was no interest on loans, banks in Libya are state-owned and loans given to all its citizens at 0% interest by law.
• If a Libyan is unable to find employment after graduation, the state would pay the average salary of the profession as if he or she is employed until employment is found.
• Should Libyans want to take up a farming career, they receive farm land, a house, equipment, seed and livestock to kick start their farms –this was all for free.
• Gaddafi carried out the world’s largest irrigation project, known as the Great Man-Made River project, to make water readily available throughout the desert country.
• A home was considered a human right in Libya. (In Qaddafi’s Green Book it states: “The house is a basic need of both the individual and the family, therefore it should not be owned by others.”)
• All newlyweds in Libya would receive 60,000 Dinar (US$ 50,000 ) by the government to buy their first apartment so to help start a family.
• A portion of Libyan oil sales is or was credited directly to the bank accounts of all Libyan citizens.
• A mother who gives birth to a child would receive US $5,000.
• When a Libyan buys a car, the government would subsidizes 50% of the price.
• The price of petrol in Libya was $0.14 per liter.
• For $ 0.15, a Libyan local could purchase 40 loaves of bread.
• Education and medical treatments was all free in Libya. Libya can boast one of the finest health care systems in the Arab and African World. All people have access to doctors, hospitals, clinics and medicines, completely free of charge.
• If Libyans cannot find the education or medical facilities they need in Libya, the government would fund them to go abroad for it – not only free but they get US $2,300/month accommodation and car allowance.
• 25% of Libyans have a university degree. Before Gaddafi only 25% of Libyans were literate. Today the figure is 87%.
• Libya had no external debt and its reserves amount to $150 billion – though much of this is now frozen globally.

Source: Facts About Libya Under Gaddafi That You Probably Did Not Know About ! – Foreign Affairs – Nairaland

I am not claiming this facts are true, just pointing out the link.

Auandag

Posted by Moggy @ 9:40 on June 28, 2015  

Thanks for the Celente video, I love that guy!

Like medieval scholars niggling over how many angels there are on the head of a pin, goldbugs are endlessly clever in making the bull case-but meanwhile gold remains comatose

Posted by Richard640 @ 9:39 on June 28, 2015  

[I’ve been hearing these arguments for the past 20 yrs–AND THEY ARE RIGHT-we should just live long enough…]

What Would Happen If Mainstream Investors Discovered Gold?

by John Rubino on June 7, 2015 ·

China, India and Russia are accumulating a lot of gold, but they’re virtually alone. Traditional money managers, for a variety of reasons, view the metal as neither a viable investment (because it doesn’t pay interest) nor a substitute for cash (because they don’t understand monetary history).

But what if they changed their minds? From Chapter 21 of The Money Bubble: What To Do Before It Pops:

The fact that the East stands ready to buy all their gold at late-2013 exchange rates presents developed-world central banks with a dilemma: They can continue their manipulation, in which case they will soon run out of metal. Or they can step back – like they did when the London Gold Pool collapsed in 1968 – and let market forces choose an exchange rate, which will almost certainly be far higher than at present.

To understand how quickly and dramatically the latter scenario might play out, consider the current asset base of the money management industry. Most of the world’s approximately $100 trillion of liquid wealth is overseen by mutual funds, hedge funds, insurance companies, sovereign wealth funds and pension funds. And they own virtually no gold.

Shayne McGuire, head of global research at the Teacher Retirement System of Texas, estimates that pension funds, for instance, have allocated about 1/3 of one percent of their $30 trillion of assets to gold. If they were to up their exposure to just one percent (still extremely low) that would represent new demand for about $200 billion worth of gold, or about 4,700 tonnes at the metal’s late-2013 exchange rate. That’s more than 5-times the weight of gold that now resides in GLD, the biggest gold ETF, and about 125 percent of the late-2013 market capitalization of the entire gold mining sector. If pension funds allocate five percent of their assets to gold – which is still modest when viewed against historical records – the resulting $1.4 trillion increase in demand would overwhelm the market, virtually guaranteeing the kinds of defaults and shortages that almost took place in early 2013.

Find a CFP® Professional Today.

And that’s just pension funds. The other institutional investors mentioned above have $70 trillion under management and also own very little gold. A one-percent swing in their allocation would send another $700 billion into this small, thin, already-out-of-balance market, further destabilizing it.

This shift in demand alone would be enough to change the industry’s perspective on gold from “ignore” to “get some before the quarterly reporting deadline.” Toss in a default by a major metals exchange or an announcement by China that its reserves are actually 4,000 tonnes and it intends to back the yuan with gold and use it instead of the dollar for international trade, and the combination of renewed interest in gold and loss of faith in the dollar would send the gold/dollar exchange rate soaring.

http://dollarcollapse.com/precious-metals/what-would-happen-if-mainstream-investors-discovered-gold/

 

The Communist Take over of America

Posted by commish @ 9:19 on June 28, 2015  

45 Declared Goals

Congressional Record (1963)

This week we got hit by number (26)

Present homosexuality, degeneracy and promiscuity as normal, natural, healthy.”

 

http://www.rense.com/general32/americ.htm

 

The Hypocrisy it Burns

Posted by Auandag @ 0:12 on June 28, 2015  

Starts at 5:50 min mark

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.