Democrats: Let’s Ban Profits!

httpv://www.youtube.com/watch?v=07fTsF5BiSM

From YouTube:

Posing as an anti-business crusader, Peter Schiff found a number of DNC delegates and attendees who support explicitly outlawing profitability. We deliberately avoided speaking with the occupy protestors camping outside in tents to get a more “mainstream” Democratic perspective!

Listen to The Peter Schiff show live and free.
Weekdays 10am to noon ET on http://SchiffRadio.com

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The DNC leaders are now portraying law breakers as heroes

Ever wonder what it would be like to live in a country where there is no rule of law? Or even worse, to live in a country where there is a two-tiered justice system.

We live in a country where the working population has the fruits of their labor redistributed to those who do not work and they enjoy the legal protection of the government. I call that tyranny over an enslaved people. The government and church call it Social Justice.

David DeGerolamo

Young face put on illegal migration at DNC

CHARLOTTE, N.C. — Democrats broke yet another barrier Wednesday when they invited an illegal immigrant young adult onto the stage at their nominating convention in Charlotte — part of a historic Hispanic outreach program the party hopes will cement ties to the fast-growing ethnic voting bloc in the country.

It’s likely the first time an illegal immigrant has taken the podium at a major party convention, and highlights President Obama’s own stance on the issue: The student, Benita Veliz, had her deportation halted under Mr. Obama’s non-deportation policies.

In a pointed political appeal, Rep. Luis V. Gutierrez, the Illinois Democrat who has become his party’s de facto leader in pushing immigration reforms, said the fate of Ms. Veliz and a million other illegal immigrants rests on whether Mr. Obama gets re-elected.

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Governor Perdue: A Disgrace to North Carolina

Perdue, who said in January she would not run for re-election as governor of the Tar Heel State, blamed Tea Party politicians for Congress’ struggle with the debt ceiling negotiations.

She had high hopes for North Carolina, saying Obama could carry the state.

“I believe this president will be able to take it to the people once he’s re-elected he can go out there state-by-state, and say, ‘Shame on you all for not working for the benefit of America,’” Perdue said. “And I believe Americans are looking for that kind of leaders who are hopeful.”

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I Want to Believe in America

I want to believe in America. I believe in the founding principles as set forth by statesmen and leaders with character who sacrificed to give us Liberty backed by Sacred honor. The above picture represents the principles of the Democrat Party and what is even worse, they are proud of it. The political platform outlined at their convention makes a mockery of God, honor and American exceptionalism. Dietrich Bonhoeffer warned us:

Silence in the face of evil is itself evil: God will not hold us guiltless. Not to speak is to speak. Not to act is to act.

Although the Republican party holds itself up to a supposed higher ethical standard, their silence is itself evil. And God will not hold us guiltless as a nation after over 50 million abortions. Would a moral nation allow abortion on demand?

Religion and morality are the essential pillars of civil society.

George Washington

America has decayed into a nation ruled by vain and aspiring men in both parties who have traded our Liberty for their own enrichment. Both presidential candidates have pledged to abandon parts of the Constitution.

We have no government armed with power capable of contending with human passions unbridled by morality and religion . . . Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.

John Adams

A nation divided as we now find ourselves must make a difficult decision. Do we stand up against our federal government that has been usurped by the people that Samuel Adams warned or do we slide into the moral decay that has permeated Washington, DC?

You cannot stand up until you look in the mirror and take your measure of your own character. When is it time to speak and act? The real question is when was the time to speak and act?

The restoration of our nation will not be easy. It will not be a political solution and the impending economic collapse will be the catalyst for our rebirth after the tribulation is over.

David DeGerolamo

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Chart Of The Day: Smith & Wesson Sales Go Parabolic

The above chart for the sales revenue of Smith & Wesson can be attributed to the political and economic climate in our country. When the rule of law is lost, we have to take personal responsibility for the safety of our families. Although this chart represents only one firearms’ manufacturer, based on availability from other manufacturers such as Ruger and Glock, this is not applicable to S&W. Or ammunition’s manufacturers. It appears that the people in the United States are more sentient than our politicians give us credit for.

David DeGerolamo

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A Tale of Two Markets: Both from CNNMoney.com

Both of these articles come from CNNMoney.com (on the same page). Which is right? Both are correct: we are getting out of the rigged stock market and Europeans are flocking to find a safe haven anywhere. Then ask yourself who else is buying stocks since today’s bull run is fueled by vapors based on the continuing low volume.

David DeGerolamo

Investors yank $3.7 billion out of stocks

The retreat from U.S. stocks continued last week, with investors pulling $3.7 billion of domestic stock mutual funds.

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European Stocks Could Correct Up to 20%: Marc Faber

European stocks, which have been in a broad upswing for the past three months, could retreat by up to 20 percent, presenting an opportunity to move back into the market, says Marc Faber, author of The Gloom, Boom & Doom Report.

Faber, who rose to prominence after predicting the stock market crash of 1987, told CNBC on Thursday that he started to buy European shares for the first time in June. That month marked a low for European equity markets, which shed about 15 percent of their value in less than three months.

Europe’s equity markets [.FTEU3  1094.95   15.71  (+1.46%)   ] are a safer bet compared to other European assets amid a bleak economic outlook, according to Faber, who said he would use any pull back in the market as a buying opportunity.

“I think European markets could easily correct 10 to 20 percent from the recent highs that we have had, but I don’t envision new lows,” Faber told CNBC Asia’s “The Call.”

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Draghi Market Response: EUR Down, Gold Down, EU Bond Yields Down, EU Stocks Down, US Stocks Surge

UPDATE: US equities surge on day-session open (as AAPL hits low of day)

Perception; Independence; Conditionality; Unlimited; Fully-Effective-Backstop. Draghi ‘nailed-it’ on the drinking game but it seems the world is not amused. The market’s reaction to the new OMT is modest EUR weakness (and more JPY weakness), practically no change from US equities (and modest weakness in European equities), Gold and Silver disappointed at the ‘conditionality’ and not total print-fest; and yet 2Y Italian and Spanish bond yields – which flatlined for a while, are now dropping faster and the longer-dated Italian and Spanish yields are dropping also. US Treasuries are 5-6bps higher in yield. In Summary: “Spanish bonds soaring on hope Spanish bonds will plunge to allow Spanish bonds to soar on ECB purchases” – everything else not impressed.

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Turkish officers take command of Syrian rebel brigades. N. Israel on alert

Syrian rebels under Turkish command
Turkish army officers have assumed direct command of the first two Syrian rebel brigades fighting Bashar Assad’s government forces, according toDEBKAfile’s exclusive sources. This step has sent military tensions rocketing on Israel’s northern borders with Syria and Lebanon in case of a backlash.
The rebel North Liberators Brigade in the Idlib region of northern Syria and the Tawhid Brigade fighting in the Al-Bab area northeast of Aleppo are now taking their operational orders from Turkish officers, who exercise their authority from headquarters outside Syria in the southeastern Turkish city of Gaziantep. Nonetheless, Turkey is considered to have stepped directly into the Syrian conflict marking the onset of foreign intervention.
Western and Arab military circles in the Middle East expect Turkey to extend its command to additional rebel units – not all of them part of the Free Syrian Army.
This first step has already caused waves.

1.  The consequences of Turkish military action in Syria were urgently aired with CIA Director David Petraeus when he arrived in Ankara Monday, Sept. 3, DEBKAfile’s intelligence sources reveal.  After hearing how and when Ankara proposed to expand its role in the Syrian conflict, Petraeus discussed with Turkish military and intelligence chiefs the likely Syrian, Iranian and Hizballah responses.
He then flew to Israel to continue the discussion there.

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This Is How We Enslave Our Children

If California could print their own money, they would not have to propose fiscally prudent measures to save their children’s future as outlined below. We elect politicians in Washington that the political parties allow us to vote for but the reforms necessary to save our country and its moral foundation never materialize. The national debt has now reached the $16 trillion milestone and our attention is focused on the RNC and DNC conventions.

Our hope is that this time will be different and that the future will be brighter. As California hits their brick wall, the United States is actually entombed in its debt. Both candidates in this election have one thing in common: the Constitution of the United States will not be an impediment to increase their power.

David DeGerolamo

From Business Week via Zerohedge:

California Treasurer Backs Law to Ban Costly Long-Term Bonds

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Jim Willie: 60,000 Metric Tons of ALLOCATED Gold Likely Used by Cartel to Settle Asian Margin Calls

httpv://www.youtube.com/watch?v=IJsheoXv9I4

From YouTube:

The Doc sat down with the Golden Jackass himself Monday for an exclusive and SHOCKING MUST LISTEN interview!

The Golden Jackass makes the SHOCKING claim that perhaps 60,000 tons of allocated, segregated gold have been improperly used by the cartel to settle Asian margin calls!
He states that we will see $5,00o/oz gold not from quantitative easing or the public entering the bull market, but from the cartel banks replacing what they improperly used in their leveraged games from allocated gold accounts!

Willie also informed The Doc that it appears that Morgan Stanley was used by the cartel to prevent a collapse in treasury bonds in 2010, and believes that Morgan Stanley was set up at the time by cartel banks as the next major financial firm to fail. He states that there are no buyers for treasury bonds, and that the only demand for treasuries are interest rate swaps creating false, artificial demand, and that these IR swaps were what caused the 10 year rally & ‘flight to safety’ in 2010.

Doc’s exclusive interview with Jim Willie is a full half-hour of The Golden Jackass in perhaps his most shocking and explosive interview ever!

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Pastor Manning Calls It Plainly

httpv://youtu.be/ut-UPttf-dg

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Free Market Revolution: Did Ayn Rand Provide a Path to Economic Prosperity?

httpv://www.youtube.com/watch?v=As2aLKI4QOM

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Romney Tax Records Reported Stolen… Extortion Letter Received at His Campaign HQ

(AP) FRANKLIN, Tenn. (AP) — The Secret Service said Wednesday it is investigating the reported theft of copies of Republican presidential candidate Mitt Romney’s federal tax records during a break-in at an accounting office in Franklin.  Someone claiming responsibility demanded $1 million not to make them public.

An anonymous letter sent to Romney’s accounting firm and political offices in Tennessee and published online sought $1 million in hard-to-trace Internet currency to prevent the disclosure of his tax filings, which have emerged as a key focus during the 2012 presidential race. Romney released his 2010 tax returns and a 2011 estimate in January, but he has refused to disclose his returns from earlier years.

Romney’s accounting firm, PricewaterhouseCoopers, said there was no evidence that any Romney tax files were stolen.

“At this time there is no evidence that our systems have been compromised or that there was any unauthorized access to the data in question,” PricewaterhouseCoopers spokesman Chris Atkins said.

In Washington, Secret Service spokesman Edwin Donovan confirmed the agency was investigating. The Romney campaign declined to comment, referring all questions to the accounting firm.

Franklin police said there were no recent alarms or break-ins reported at the site. “We’ve had nothing from that address in August,” Police Lt. Charles J. Warner said.

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God and Jerusalem Reinstated at the DNC and then Booed

Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.

John Adams

httpv://www.youtube.com/watch?v=eSxEy_OVVB4

From YouTube:

With the entire world watching on live TV, the Democratic National Committed railroads its own delegates over God & Jerusalem. DNC asked for a late amendment to the platform. Ted Strickland read the amendment, lots of cheers.. then Antonio Villaraigosa asked for a vote, needing 2/3rds to affirm. And he asked for Yeas.. and it was pretty loud. Then he asked for Nays and it was MUCH louder. He froze. Then we went.. umm.. maybe I need to read the amendment again. Asked people to vote again.. and at least 50% of the voters responded NAY. He turn turned to someone who ran onto the stage, said something about “we can’t do that”.. then asked them to vote again. Again, more then 50% (by volume) voted NAY.. and then he just turned and said, with 2/3rds of the members voting AYE, the amendment passed. And the place boomed in boos.

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