October 5, 2009 Posted by James Randolph on October 05, 2009
October 5, 2009 – In early trading the gold spot price resembled a tennis ball ricocheting from profit to loss, with the ball currently volleyed up to the profit side of the net. The gold spot price is presently at $1004.40 and it is up $1.10. This has not affected the certified gold coin market, which stands fast from Friday’s trading session.
It seems to this writer that the Associated Press(AP) may have changed from a news organization to a factually-challenged cheerleading squad. They are perpetually inundating the airways with poorly-orchestrated routines about a rejuvenated economy, and the newly achieved solidity of our nation’s hardest hit areas. The AP has even devised its own stress test that rates from 1 to 100 based on the county’s foreclosure, bankruptcy, and unemployment rates. This is similar to a high school cheer squad that composes an inspirational mascot song. The last time I checked, the AP’s job was to report the news, not to mutate it for subjective purposes.
Has the Associated Press assumed new offices in the basement of the White House? Also, where is this corner that the economy has turned? It must be in one helluva secret location.
If I had a neighbor who was about to be kicked out onto the streets and I gave him a stimulus to prevent this, have I really solved the problem? He would still owe the money, wouldn’t he? Or, should we encourage him to start his self-defeating spending all over again?
No, ladies and gentleman, the US cannot bluff its way out of a financial depression by creating more debt, followed by a second helping of propaganda. If I tell you something and you believe it, than it may be perceived as our reality but it’s still not the realty of the situation. We all know that ignorance is bliss, but only for those who exploit the unsuspecting ignorant.
The government and the Associated Press would like you to believe that your financial future is brighter than ever. This may be the case for those who own certified gold coins and have the fortitude to purge the ample daily helpings of US propaganda that are served up by the AP. Is there any way that we can do away with the AP, or their transparent loyalty towards an economic recovery plan that clearly holds no merit or substance?
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