$1150 Gold Price Scaring the Pants off Economic Architects of the Obama Administration, and They’ll Stop at Nothing to Try and Reign it In!
My name is Ray Holley, and I am a CoFounder of
Augustus Gold and Silver. I worked for The Home Depot for over 5yrs from 1996-2002. It was a great company back then, but the company faced tremedous challenges after Bernie and Arthur made the mistake of hiring former GE executive, Robert Nardeli, as the new CEO in 2000. That mistake rocked the worlds of many employees, and in stark contrast to Newton, his actions caused a’
much greater than equal to reaction’ among us. I was one of the ones who packed up my locker and cleaned out my 401k (which was almost all in Depot stock) in search of greener pastures just about 3wks before the company’s stock experienced one of it’s greatest lossses to date, plummetting about 40% in a matter of days.
The Company worked hard to try and recover from the damage done by Nardeli, but I’m already beginning to have my doubts about their new CEO, Frank Blake. He recently released statements declaring that HD is hiring because they are so optimistic about the future of their business. This is kind of like being under-employed and going down to the Lexus dealer and signing a note for a $65k vehicle because a few prospects you spoke with said they really liked your resume. Blake seems to either be completely delusional, or else he is acting under the coersion of the government to spread
the good news that everything in the economy is great- that things are getting better much sooner than they had thought possible, and that it’s OK to go out and spend all your money…. In the article written by Zac Bissonnette, he quotes a survey done by Fannie Mae that indicated that 64% of Americans believe that now is a great time to buy a home, and that home values will be the same or higher a year from now. Editorial note: 11% of Americans surveyed are not sure whether or not Elvis is still alive. Zac reported that
The Home Depot is Expecting its Revenue to Grow.
This kind of propaganda is appalling, and it really wouldn’t surprise me if the government had either struck a back room deal to pay off HD to wage such a campaign (in Monopoly money, of course), or rather to threaten them with an IRS audit or other publicly unseen leverage. In the scheme of things, when the government is passing out cash by the billions, what’s a few million to subsidize a large company’s hiring a few hundred people they can’t afford? The government has been involved in more scandalous activities like this before, so who’s to say it’s not going on now, in one of our country’s most desperate times? In an article written in August 2009, Jeff Nielson wrote an article about the propaganda surrounding the housing numbers. They’re not manipulating those numbers any more because they figured out how to manipulate the system- by telling the big, bad banks that they can’t take their houses back (as easily). In his coverage of the scandal he said he expects the “U.S. mortgage-crisis to get MUCH worse in 2010-11”. Robert Kiyosaki, author of Rich Dad, Poor Dad and many other epic books on personal wealth and financial independence recently wrote an article where he said that the real estate market will yet experience another hurricane in the mid of 2010…” We’re almost there.
In another recent article, Kiyosaki summarizes that “We will not see much inflation because the Fed is not able to print enough money to replace the losses from the burst of the credit bubble. Also, factories have too much excess capacity due to lack of demand, which means prices for
consumer goods will remain low and unemployment will remain high. Instead, we will see inflation in gold, silver, oil, some stocks, some real estate sectors, and food — not because values are going up but because the dollar is going down.” Gold price goes up and we all win- that’s the best news of the year.
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