Coppenhagen Catastrophe!

The Copenhagen Catastrophe is not what it is being portrayed as in the mainstream media.  This “progressive” debacle, along with others proposed by this administration, will sink the U.S. dollar and end any chances we have of ending this recession any time soon.  Change is coming and it has been heralded at the Copenhagen Catastrophe!

It is pretty interesting that since The Community Organizer In Chief” was elected, the country has been going from one “crisis” to another.  There is one common thread that runs through all of these newly founded crisis events:  They all have to be solved immediately by legislation that is too important to take the time to read.  The “financial crisis”, health care and “global warming” are so important that our President and the “benevolent Congress” must jam emergency fixes down our throats because we, the people,  are too stupid to know what is good for us.

This is just plain unacceptable and it is time for the American people to reign in this leftist, “progressive” juggernaut before we start living past history rather than reading it.

The dollar rallied at the end of this past week on a flight to “safety” in the dollar.  It’s ironic that the public is running to the dollar as the administration is running everywhere and oiling the printing presses.  Hyper inflation is guaranteed, so protect yourself while you still can.  Let’s take a look at “COP 15 Exploding The Myths” which examines the President’s remarks  during the Copenhagen Catastrophe.

Now, we will travel across the pond to see what the British press hand to say about the COP 15 speech.

UK Telegraph, December 18th, 2009

By Gerald Warner, UK Telegraph, December 18th, 2009

When your attempt at recreating the Congress of Vienna with a third-rate cast of extras turns into a shambles, when the data with which you have tried to terrify the world is daily exposed as ever more phony, when the blatant greed and self-interest of the participants has become obvious to all beholders, when those pesky polar bears just keep increasing and multiplying  what do you do?

No contest: stop issuing three rain forests of press releases every day, change the heading to James Bond-style Do not distribute and leak a single copy, in the knowledge that human nature is programmed to interest itself in anything it imagines it is not supposed to see, whereas it would bin the same document unread if it were distributed openly.

After that, get some unbiased, neutral observer, such as the executive director of Greenpeace, to say: This is the single most important piece of paper in the world today. Unfortunately, the response of all intelligent people will be to fall about laughing; but it was worth a try “ everybody loves a trier “ and the climate alarmists are no longer in a position to pick and choose their tactics.

But boy! Was this crass, or what? The apocalyptic document revealing that even if the Western leaders hand over all the climate Danegeld demanded of them, appropriately at the venue of Copenhagen, the earth will still fry on a 3C temperature rise is the latest transparent scare tactic to extort more cash from taxpayers. The danger of this ploy, of course, is that people might say If we are going to be chargrilled anyway, what is the point of handing over billions,better to get some serious conspicuous consumption in before the ski slopes turn into saunas.

This single most important piece of paper in the world comes, presumably, from an authoritative and totally neutral source? Yes, of course. It’s from the  UN Framework Committee on Climate Change that is  running the Danegeld Summit. Some people might be small-minded enough to suggest this paper has as much authority as a leaked document from Number 10 revealing that life would be hell under the Tories.

This week has been truly historic. It has marked the beginning of the landslide that is collapsing the whole AGW imposture. The pseudo-science of global warming is a global laughing stock and Copenhagen is a farce. In the warmist camp the Main Man is a railway engineer with huge investments in the carbon industry. That says it all. The world’s boiler being heroically damped down by the Fat Controller. Al Gore, occupant of the only private house that can be seen from space, so huge is its energy consumption, wanted to charge punters $1,200 to be photographed with him at Copenhagen. There is a man who is really worried about the planet’s future.

If there were not $45trillion of Western citizens money at stake, this would be the funniest moment in world history. What a bunch of buffoons. Not since Neville Chamberlain tugged a Claridge’s luncheon bill from his pocket and flourished it on the steps of the aircraft that brought him back from Munich has a worthless scrap of paper been so audaciously hyped. There was one good moment at Copenhagen, though: some seriously professional truncheon work by Danish Plod on the smellies. Otherwise, this event is strictly for Hans Christian Andersen.

Take a look at all the jobs that the “Community Organizer In Chief” created with his “stimulus package” that had to be passed before anyone could read and digest it.  I feel sorry for all the trees that gave their lives to record that pile of political pay offs that lined the pockets of the Messiah’s cronies.   “The most open presidency ever”, and Pelosi’s,   “It takes a woman to clean the House”.  What a pile of crap!

For feds, more get 6-figure salaries

Average pay $30,000 over private sector

By Dennis Cauchon
USA TODAY

The number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data.

Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession’s first 18 months  and that’s before overtime pay and bonuses are counted.

Federal workers are enjoying an extraordinary boom time  in pay and hiring during a recession that has cost 7.3 million jobs in the private sector.

The highest-paid federal employees are doing best of all on salary increases. Defense Department civilian employees earning $150,000 or more increased from 1,868 in December 2007 to 10,100 in June 2009, the most recent figure available.

When the recession started, the Transportation Department had only one person earning a salary of $170,000 or more. Eighteen months later, 1,690 employees had salaries above $170,000.

The trend to six-figure salaries is occurring throughout the federal government, in agencies big and small, high-tech and low-tech. The primary cause: substantial pay raises and new salary rules.

“There’s no way to justify this to the American people. It’s ridiculous,” says Rep. Jason Chaffetz, R-Utah, a first-term lawmaker who is on the House’s federal workforce subcommittee.

Jessica Klement, government affairs director for the Federal Managers Association, says the federal workforce is highly paid because the government employs skilled people such as scientists, physicians and lawyers. She says federal employees make 26% less than private workers for comparable jobs.

USA TODAY analyzed the Office of Personnel Management’s database that tracks salaries of more than 2 million federal workers. Excluded from OPM’s data: the White House, Congress, the Postal Service, intelligence agencies and uniformed military personnel.

The growth in six-figure salaries has pushed the average federal worker’s pay to $71,206, compared with $40,331 in the private sector.

Key reasons for the boom in six-figure salaries:

Pay hikes. Then-president Bush recommended  and Congress approved across-the-board raises of 3% in January 2008 and 3.9% in January 2009. President Obama has recommended 2% pay raises in January 2010, the smallest since 1975. Most federal workers also get longevity pay hikes called steps that average 1.5% per year.

New pay system. Congress created a new National Security Personnel System for the Defense Department to reward merit, in addition to the across-the-board increases. The merit raises, which started in January 2008, were larger than expected and rewarded high-ranking employees. In October, Congress voted to end the new pay scale by 2012.

Pay caps eased. Many top civil servants are prohibited from making more than an agency’s leader. But if Congress lifts the boss’ salary, others get raises, too. When the Federal Aviation Administration chief’s salary rose, nearly 1,700 employees’ had their salaries lifted above $170,000, too.

It is easy to see that the stimulus money went to grow the government and not to help the private sector get out of the recession.  The Administration blames “capitalism” for the housing bubble, when in reality Barny Frank and Chris Dodd had far more influence in creating it than the banks did.  Isn’t it interesting how both President Obama and Hugo Chavez both blame America and Capitalism for the world’s problems.  Political leaders make such strange bedfellows!

If you cannot see the directions that the dollar and gold are headed, I don’t know what I can tell you that would convince you.  The dollar, not withstanding its current short term correction, is headed down and gold is likewise going in the opposite direction, namely up and up significantly.  Gold has, so far, held at a close above $1,100 which is a technical support level.  If that fails, $1,078 comes into play and after that $1,045.  I am not saying that we will go that low, but rather those are the next  support levels.

I was  buying as this pullback unfolded.  I have accumulated a lot of shares in the stocks that I like, but I still have 1/3 more cash in case we do test the lower support levels.  I hope that you have been doing the same.

Stay tuned in the weeks ahead, because with the number clowns that we have in Congress, it is certain to be a circus.  The Copenhagen Catastrophe, unfortunately, looks to be just the beginning.

Till next week, good luck and good trading!

Also Noteworthy:

• Startling Unemployment Numbers!
• Gold Is Showing Strength!
• Gold’s Next Move
• Gold Investing
• Gold Predictions

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