Obama Wins; Gold And Silver Jump 2 and 3 Percent

http://www.goldcore.com/goldcore_blog/obama-wins-gold-and-silver-jump-2-and-3-percent

Investors should prepare for rising prices and more expansionary monetary policy now that President Barack Obama has won re-election, investor Jim Rogers told CNBC on news of the election.

The co-founder with George Soros of the Quantum Fund said he expected Obama’s policies to drive up commodities and drive down the U.S. dollar.

As the Federal Reserve moves to ‘stimulate’ a stalled economy through debt purchases, Rogers says markets should expect the status quo to remain the same.

“If Obama wins, it’s going to be more inflation, more money printing, more debt, more spending.” Rogers told CNBC, saying he expected to sell U.S. government debt and buy precious metals, such as silver and gold. 

“It’s not going to be good for you me or anybody else.”

“It looks to me like the money printing is going to run amok now, and spending is going to run amok now,” Rogers stated. “I have to invest based on what’s happening and not what I would like.”

Rogers said that he didn’t vote for either Romney or Obama, saying that “they’re both evil as far as I’m concerned.”

Greek Brothel To Sponsor Broke Elementary School

http://www.zerohedge.com/news/2012-11-07/greek-brothel-sponsor-broke-elementary-school

Obama Wins A Second Term: Now What?

This guy isn't a fan of either party, and wants true political reform.  Good luck with that.

http://thedailybell.com/28253/Ron-Holland-Obama-Wins-A-Second-Term-Now-What

What is POMO?

http://youtu.be/Ibxw95ZC97I

I apologize for what you’re about to read

http://www.sovereignman.com/expat/i-apologize-for-what-youre-about-to-read-9397/

Millennials are eating out less

http://www.usatoday.com/story/money/business/2012/11/04/millennials-eating-habits-npd-group/1665923/

Election 2012: How The Winner Will Destroy America

Well, this post made my day...

http://www.alt-market.com/articles/1139-election-2012-how-the-winner-will-destroy-america

Special Forces and Navy SEALS Head to Polls, Counter Black Panther Presence

This is deeply disturbing.  It illustrates the racial, political, and class warfare engulfing the US.  This could be the precursor to something much bigger down the road.  The country is deeply divided.

http://www.breitbart.com/Big-Peace/2012/11/06/Special-Forces-and-Navy-SEALS-Had-To-Polls-To-Counter-Black-Panther-Presence

Wall Street Reformers Unwittingly Turn Derivatives Market Over To Robots

In another example of unintended consequences, SkyNet is taking over the credit derivatives market as well equities.  This smells awfully like the 1980's, when "portfolio insurance" was anything but, as exposed in the 1987 crash, when the Dow lost a third of its value in one day.  Thanks to Kitty for finding this.

http://www.huffingtonpost.com/2012/11/06/robots-derivatives-trading_n_2082308.html

Christie orders odd-even gas rationing for some

In the "I told you category", how many times have I warned people the 70's style even/odd gas rationing system would be put in place again?  Click <here> and <here> for in-depth analysis.  I wasn't sure what type of natural disaster would trigger it.  I'm not bringing this up to brag.  I'm bringing it up to remind folks that just because something sounds outlandish, doesn't mean it can't happen.  I'm also reminding people that these events not only CAN happen, they have ALREADY happened.  People just have short memories--especially when the memories are unpleasant.  So wake up and smell the coffee, and get out of your normalcy bias funk.

My most extreme prediction is currency-induced cost push inflation will trigger hyperinflation, and gas rationing will becpme a permanent condition. Again, it appears ridiculous, but a hyperinflationary collapse has occurred throughout history, and every country experiences it at one time or another.  When central banks create trillions in credit and currency units out of thin air, the paper experiments never end well.  Hedge and stock up accordingly.

Here are the consequences of the Sandy aftermath.  Also, see how much gas is going for on Craigslist in some parts of New Jersey.  Click <here>.

http://www.newsday.com/news/nation/christie-orders-odd-even-gas-rationing-for-some-1.4185436

Is a Central Bank Gold Run at Hand?

http://www.moneyandmarkets.com/is-a-central-bank-gold-run-at-hand-50831

Would a second Obama term be good for gold?

http://www.mineweb.com/mineweb/view/mineweb/en/page31?oid=161307&sn=Detail&pid=31

Queens residents arm themselves in the post-storm blackout from looters

http://www.nydailynews.com/new-york/queens/queens-residents-arm-looters-article-1.1196031

Gas--for those who hate waiting in lines

The laws of supply and demand reign supreme.  Get used to this.

http://newyork.craigslist.org/jsy/fod/3381964248.html

||| DON'T WAIT IN LINE, WE HAVE 5 Gallons of GAS!! ||| (East Ruthorford)

---

Date: 2012-11-02, 2:23PM EDT
xq2qv-3381964248@sale.craigslist.org ^{[Errors when replying to ads?]}

---

Hey Guys!

I waited on line for 2 hours to fill up a 5 Gallon gas container.

I'm willing to sell if for the right price and will deliver!

$25 per Gallon OR Shoot us your best offer!!

||| DON'T WAIT IN LINE, WE HAVE GAS!!! |||

• Location: East Ruthorford
• it's NOT ok to contact this poster with services or other commercial interests

PostingID: 3381964248

Charles Ferguson: "Standing Behind Every Great Con Artist Is Someone Like Glenn Hubbard "

Many readers may get the impression I support Mitt Romney for President, given the evidence I've submitted that President Obama's policies have been a complete failure in terms of creating jobs and stimulating the economy.  Some of that evidence includes Obama's and Vice President Biden's connection and endorsement of Jon Corzine, who some allege swindled segregated client accounts before MF Global's spectacular collapse.

Readers, I can assure you that is not the case.  My disdain for politicians is bipartisan.  While Hubbard's resume may not include criminality, it certainly has large doses of deception and severe conflicts of interest.  In other words, politicians (and business school professors) can be liars, some bigger than others.

http://www.zerohedge.com/news/2012-11-03/charles-ferguson-standing-behind-every-great-con-artist-someone-glenn-hubbard

Step Aside Apple Line, Here Comes The Gas Line: Photo Album Of A Nation Waiting, Waiting, Waiting

For years, I've been telling anyone willing to listen that gas rationing will be a common occurrence in the future.  Most ignored me--even when I tell them not only will it happen, but it has ALREADY happened.  Everything was rationed during World War II, but the even/odd gas rationing system was developed in the 70's during the Iranian oil embargo.  Anyone under the age of 45 probably wouldn't remember it.

http://www.zerohedge.com/news/2012-11-02/step-aside-apple-line-here-comes-gas-line-photo-album-nation-waiting-waiting-waiting

Gold Market Overview From An HFT Perspective

http://www.jsmineset.com/2012/11/02/gold-market-overview-from-an-hft-perspective/

Agnico CEO - This Is What Is Happening In Gold Right Now

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/2_Agnico_CEO_-_This_Is_What_Is_Happening_In_Gold_Right_Now.html

Dumpster Diving In The Lower East Side

Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism

I guess the lessons of Stalin, Lenin, and Mao were lost when our educational system taught world history.

http://www.zerohedge.com/news/2012-11-01/americans-aged-18-29-have-more-favorable-response-socialism-capitalism

Get Ready For Big Moves In Gold, The US Dollar & The Euro

Yes, the USDollar moves inversely to the price of gold, but both can rise on a nominal basis if other paper currencies drop faster.  The take away message is gold will be the last currency standing.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/2_Get_Ready_For_Big_Moves_In_Gold%2C_The_US_Dollar_%26_The_Euro.html

Greyerz - Gold & The Incredible Financial Destruction We Face

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/1_Greyerz_-_Gold_%26_The_Incredible_Financial_Destruction_We_Face.html

Greyerz - One Of The Most Important Charts Ever

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/1_Greyerz_-_One_Of_The_Most_Important_Charts_Ever.html

Germany's gold reserve inspection could spark other central bank gold audits

http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=161110&sn=Detail&pid=92730

Nation of Denial

http://usawatchdog.com/nation-of-denial/