Will FT-900 Bring about the “next 9/11″ in April, 2014? What is Jeff Opdyke talking about?

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Jeff Opdyke has a pretty inflammatory ad going around these days for The Sovereign Investor, it’s all about how the consistent export of gold from the US — as reported in form FT-900 — will lead to America experiencing it’s “next 9/11″ moment in April of this year.

The basic argument is that the US Treasury Department has been secretly selling off the gold from Fort Knox for years, consistently exporting more than can be explained by the mining production and internal consumption of gold in the US, and that the global public is becoming aware of this but will be shocked into action in April.

The April date comes from the fact that he says China has tended to release information about their gold reserves only every five years or so, and they last reported their gold holdings in April, 2009. Next release, whenever (if) it comes, will call attention to the huge hoard China has been building (though it may be largely from mining, as I believe all Chinese-mined gold is required to stay in China)

Here’s what Opdyke says about the gold export anomaly:

“Here’s what I found out: Since 1991, the U.S. has been consistently exporting large quantities of gold on a net basis.

“And the amount of gold the U.S. has exported is well above and beyond what the US should be capable of exporting.

“Let me show you what I mean…

“Using data from the Gold Fields Mineral Services, the US Census Bureau, the US Mint and Bloomberg, I was able to determine the U.S. total demand and supply of gold during those 20 years.

“During that time, the U.S. had a total amount of 7,532 tons of gold available for consumption… but the U.S. consumed 7,605 tons.

“So, we consumed more than we had available to us. That implies we should have been a net importer of gold.

“But oddly enough, we were not. In fact, we exported a massive 5,504 tons.”

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I don’t know how reliably these import/export figures describe the real situation in the world, since gold is fungible and recyclable moves around the world in both paper from and in bullion form pretty easily (it doesn’t just get exported from one place, imported to another, and consumed — it could just as easily be exported again to another customer), but there are certainly plenty of folks who believe that the Treasury is hiding empty vaults at Fort Knox. They buttress this both by saying that the Federal Reserve has been dragging its feet at Germany’s request to repatriate its gold (though that’s not at Fort Knox), and by noting that many politicians over the years have asked for audits of both Fort Knox and the Federal Reserve, to no avail.

Just as an FYI, Fort Knox is the US bullion depository — it’s the gold that the government owns, managed by the Treasury Department. The Federal Reserve doesn’t have anything to do with Fort Knox, but has a separate gold bullion depository in Manhattan that is filled with gold owned by the central banks of other countries in the world … it’s the Fed-held gold that Germany has asked to have back, not Fort Knox’s gold. I don’t know if that makes any difference in the grand scheme of things, but they are separate — the US government owns only a tiny portion of the gold that’s being held by the Fed. And yes, it seems sketchy that it is going to take the Fed seven years to give Germany its physical gold back, and that they’ll be returning less than Germany holds with the Fed in New York and less than they initially wanted back within German borders — but “seems sketchy” applies to a lot of global finance, banking, and government posturing, I don’t know if that means there’s really any problem with the availability of that gold in the Fed’s vault or not.

So the basic argument from Opdyke ends up being pretty similar to Porter Stansberry’s argument that we’re on the cusp of the global economy losing faith in the US dollar as the world’s reserve currency, and that the loss of this faith will and would mean that the dollar falls versus other currencies and against commodities, meaning imports would be more expensive for Americans and our wealth and standing in the world would be eroded. Porter also intimates that we’ll see social unrest.

There is a clean and attractive logic to all of that, and it makes some sense given the history of currencies and central banks that points to shakeups every 30, 40, 50 or 100 years, depending on who you ask — the waves of currency dominance have mostly tracked the rise and fall of global empires as the Dutch currency and Spanish currency each had a century or so of global importance before the British Pound took over in the 18th or 19th century, then the British Pound collapsed around WWI and the US dollar began to rise, followed by the gold standard being coopted in the 1930s and then abandoned in the 1970s as “fiat” currencies took over both in the US and worldwide, followed by … well, whatever happens next.

And yes, it is absolutely true that we owe much of what we take for granted — cheap imported goods, cheap energy — to the fact that pretty much everyone in the world has agreed on the dollar as their medium of exchange… and, perhaps more importantly, that we’ve been able to build up a massive debt by borrowing money in a currency whose supply we control. With it not being missed by many that we used a chunk of that borrowed money to build the most powerful military in history.

The hegemony of the dollar is clearly eroding to some degree, partly because dollars should be losing value as we print more of them in order to pay off our debts, though the dollar has held up much better than many folks expected in the last few years … arguably because most other currencies of any size seemed more dangerous, what with Greece and their ilk threatening the Euro, and China’s currency remaining under strict control, and the Japanese Yen being aggressively devalued to save that economy… etc.

I’ll leave the big picture thinking to you — I have some sympathy with the view that the US dollar should be losing value more quickly than it has, and that eventual significant devaluation is the only reasonable way to deal with our un-payable federal debt … though I also think that in the current hair-trigger world of global trading and financial engineering it’s quite possible that all of these changes happen slowly enough that the dollar doesn’t appear to crash. The logic of the dollar’s demise is almost impeccable, but logic doesn’t drive the global economy — and, as we’ve seen in the past, crises send people fleeing to the dollar even if logic tells them that the dollar is doomed. At least, so far.

And I do buy a bit of gold or silver bullion now and then to diversify my savings, I’m mindful of real assets owned by companies, and I sometimes hold foreign currencies (though I don’t have any at the moment)… but it’s worth noting that a productive company that produces or owns something important to people should be relatively agnostic, over the long term, regarding the currency in which their daily business is transacted… failing currencies wouldn’t be good for any business operating in that currency, obviously, but strong businesses have survived worse.

Porter Stansberry’s trigger point for his similarly-described collapse of the dollar is the enactment of the Foreign Account Tax Compliance Act (FATCA) this Summer — that’s the new tax and reporting regime that the US government is pushing through to improve reporting for banks and to catch more tax cheats, and that looks like it will be a big regulatory burden for banks…. and possibly a better solution to tax evasion, though I’m no expert on the details. Porter thinks that will lead banks to exit the US market and avoid the dollar. That sounds fairly extreme to me, though it will certainly impact banks if and when it’s enacted (it’s already been delayed at least once, to July 1, and many folks think the banks will keep chipping away at it and delaying it or altering it to cut out the teeth).

Otherwise, Porter is essentially spinning the same tale that he marketed extremely aggressively in his “End of America” pitch a few years ago — that you need to get into assets that you don’t have to report to the government (like American Eagle bullion coins), and get some money overseas (get a foreign bank account while you can, buy real estate in other countries), and buy farmland to protect your family, etc. etc. You can see Porter’s latest version of this spiel here if you’re so inclined.

Opdyke has a fairly similar pitch (you can see it here if you’re curious), though his trigger point is different, coming in April instead of July. The basic idea is the same: the dollar’s going to collapse, the world as you know it will change dramatically, buy something that will hold its value if the dollar falls (ie, don’t stuff your greenbacks under the mattress or in a savings account — turn them into something else).

Like Stansberry, he cites four things to do … and they’re very similar to Stansberry’s stipulations: buy precious metals, sell bonds that mature in more than five years, generate income with trading (selling options, it appears), get some of your money out of reach of the US government, and buy real estate in some select foreign countries. Frankly, it sounds kind of like Opdyke took his lead from Porter’s “End of America” spiel of a few years back and just twisted it a bit … though, to be fair, the folks who have been suggesting the decline of the American Empire have shared similar kinds of ideas for decades (and built a few newsletter-publishing empires in the process).

[And if you’re curious, Porter’s “World’s Most Valuable Asset in a Time of Crisis” is, yes, still farmland. I’m afraid I’m going to be sticking with my farm share subscription for a while and not tilling to earth myself, but still, it’s hard to argue that owning a farm is a bad thing if you’ve got money burning a hole in your pocket.]

Opdyke’s trigger point, that awakening to the fact that China has more gold than the US or than the Federal Reserve, will, he says, come not with a gradual change over decades but with a “bang” … he quotes an oft-cited study on this point:

“Economists Carmen Reinhart and Ken Rogoff explained this phenomenon in their best-selling book ‘This Time is Different’, in which they examined hundreds of confidence crises. They call it the ‘bang’ moment. Here’s how they explain it:

‘Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence is the key factor that gives rise to the ‘this-time-is-different’ syndrome. Highly indebted governments can seem to be merrily rolling along for an extended period, when bang – confidence collapses, lenders disappear, and a crisis hits.'”

So … will a future announcement about Chinese gold reserves shock the world, or will the enforcement of FATCA drive the rest of the world away from the dollar? Will the dollar collapse with a bang or continue to deflate in value with a whimper as it has for most of the past 50 years? Or even surprise everyone and go the other direction?

I dunno. And I bet geopolitical surprises will play as much of a role as central banks and interest rates. But let’s look into what investment Opdyke is teasing as a way to protect your wealth in this eventuality.

The first thing he points to is physical bullion ownership — which Porter Stansberry and several other folks also say is important, they think it’s critical that you avoid owning just “paper gold” through ETFs or through the futures market, but own actual physical gold you can touch … or, secondarily, own real, audited, allocated gold held in some (preferably foreign) vault that you can have delivered to you if and when needed. Lots of other heavily-hyped newsletters and precious metals pundits have talked up the importance of “physical” gold and silver — I think the last time we wrote about it was for a Palm Beach Letter teaser about the “paper silver” crisis.

And there are a couple more esoteric ideas in the bunch, too, that I can’t really opine on without sounding uninformed — like the foreign real estate pitch, which has him touting a few opportunities to cut taxes by relocating overseas (including a thinly-veiled hint about “Galt’s Gulch”, which is the name often given to Doug Casey’s Cafayete, Argentina expatriate haven). It all ends up sounding like solutions for the wealthy and government-averse or profoundly tax-averse, or for the young and idealistic — who else would go to the hassle of buying foreign real estate and moving halfway around the world? It just sounds exhausting. I moved my family 600 miles in search of higher taxes and worse schools, and if I never move again I’ll be awfully pleased.

Yes, I know that Porter and others say that the “normalcy bias” leads those of us in the comfortable American middle class to think that the government won’t really get that bad or confiscatory, that “they” won’t come for our gold or our retirement accounts, and that this is a throwback to the fact that so many hundreds of thousands of Jews stayed in Nazi Germany until it was too late to escape, failing to see the clear writing on the wall … but I choose to hear that as more offensive than it is prescient.

But anyway, we do eventually get to something that’s more like an “investment” thought.

One of the ideas Opdyke pitches is related to precious metals — here’s how he teases it:

“… there’s an even better way to profit from the rise of a new monetary system. It’s a gold investment few people know exist.

“A small group of investors have figured out a unique way to profit from gold. They’re striking special deals with certain companies involved in the gold industry.

“Nolan Watson, for example, started using this strategy back in 2008. So far, he’s already increased his investment by 809%. That’s enough to turn a small investment of $25,000 into almost a quarter million dollars.

“Gold expert John Doody has increased his portfolio by more than 1,200% with this strategy. And many consider him one of the best gold investors of our time.

“Here’s what he said recently:

‘I love [this investment]. You just make these deals and move on to the next one.’

“I call this strategy ‘Golden Streams.’ And it has performed much better than the metal in recent years….

“While gold is up 61% since 2008, the ‘Golden Streams’ investment is up 352%. The good news is you can also participate in these deals right from any brokerage account.

“And what’s really amazing is this special class of gold investment has nothing to do with ETFs, bars, coins, options, mutual funds or investing directly in gold miners. And yet, it has managed to beat all those types of gold investments.

“While ‘Golden Streams’ have performed extremely well in recent years, I expect them to go parabolic once investors lose faith in the dollar.

“Even if gold moves to just $3,000 an ounce, I expect this investment will move more than 700%. That’s enough to turn each $20,000 into a little more than $165,000.”

Sound familiar? Yes, indeedy — Opdyke is teasing the old streaming/royalty concept in precious metals. Which, frankly, is my favorite way to invest in mining as well — but it’s been awful over the last year, getting much the same downside as the actual large mining stocks and falling worse than the price of gold. In general industry parlance, Streaming refers to usually larger investments made in “almost ready to produce or expand” mining operations that give the buyer the right to buy a substantial portion (typically 8-30% or so) of the gold (or silver) mined at a set price, typically fixed at roughly a third of what the then-current commodity price is.

This strategy was developed and commercialized by Silver Wheaton (SLW), which made streaming deals for silver with big non-silver mines (silver being a valuable byproduct that the miners could monetize by pre-selling it to SLW). Nolan Watson was the CFO at Silver Wheaton when they perfected this model, and later went on to found Sandstorm Gold (SAND, SSL in Canada), which is presumably one of the stocks being teased here, and Sandstorm Metals and Energy (SND in Canada, STTYF on the pink sheets), which focuses on base metals (and is still a bit of a train wreck after some bad deals). Sandstorm Gold continues to be my largest mining investment and largest and preferred gold equity investment, but it’s sure been a rough ride as gold has fallen.

Royalties are often the result of investments made into a mining project at a much earlier stage, or of early work by a prospector or settlement to a land owner, and if bought they cost the investor less than streaming deals, and they yield a flat percentage-of-the-gold (or other metal) produced that’s typically far smaller (1-5% or so). The two largest passive gold mining investment companies are mostly royalty owners, Franco-Nevada (FNV) and Royal Gold (RGLD), though they also do both own some streaming deals and some non-gold assets.

So it’s hard to picture a world in which those aren’t the three “Golden Streams” investments Opdyke teases, if only because they’re by far the largest and most accomplished and viable of the existing royalty/streaming companies that are gold-focused — unless you throw in Silver Wheaton in place of one of those to get your silver exposure instead of gold (SLW has a little gold exposure too, but it’s very small)… SLW has been by far the most volatile of the four over the years, but is also by far the largest (the volatility comes largely from the fact that silver has almost always been much more volatile than gold). All four of those streaming/royalty firms are up since 2010 or so … but all are also down considerably (dramatically, even) from their highs of late 2012, when all the world seemed to think that gold and silver were simply not allowed to fall in price. Leverage is fun when prices are moving up and a $100 move in the price of gold causes your stock to go up to 20 or 30% in a month or two, but when gold falls 25% that same leverage means your stock can fall by 50%, sometimes more.

The John Doody quote, by the way, is from a conference call the Phase 1 Investor folks had with Nolan Watson, SAND’s CEO, when they recommended that stock a couple years ago — we covered their teaser pitch for it at the time, but Sandstorm Gold has since put the transcript up online here.

And yes, Opdyke and I aren’t the only ones who like the idea of these “passive” precious metals investments — the benefit of royalties and streaming deals is that you don’t have to worry too much about cost inflation in mining, or about delays in mine development causing a cash crisis or dilution … on the flip side, the downside of these kinds of deals is that same passivity — you end up pretty stuck if the operator is desperate for cash or losing money and can’t finish building the mine, or simply decides to shut the mine down for a while if prices are low. Diversification should help with that, as will counting on Sandstorm or Royal Gold or Franco-Nevada to choose projects wisely, projects that are sustainable and profitable and low-cost, with potential upside from future exploration or expansion … but it does sometimes backfire on the royalty or streaming deal owner if a few partners go bad at once. That’s how Sandstorm Metals & Energy got into trouble a while back, and it’s hitting Sandstorm Gold a little bit right now — the larger RGLD, SLW and FNV are reliant on a few tentpole projects but otherwise are far more diversified than the smaller SAND.

So … all that gives you something to chew on when it comes to the “big picture” stuff … and at least a few royalty and streaming stocks to consider that are likely Jeff Opdyke’s three “Golden Streams.” Got an opinion on any of it? Well, what are you waiting for? That friendly little comment box below isn’t going to fill itself …

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205 Responses to Will FT-900 Bring about the “next 9/11″ in April, 2014? What is Jeff Opdyke talking about?

  1. Travis, I always thought it was spelled “Shpiel”…guess it’s pronounced that way…..keep up the good detective work. You should ask Barry Ritholtz to borrow his line before he allows posts:

    “Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.”


  2. The gold versus fiat currency discussion is as fascinating as the stock pumps. One thing that no one mentions is that gold is a fiat currency also–it has value only because everyone agrees it has value. Its intrinsic value is not great since its uses in manufacturing or technology are minimal.
    Also, did anyone watch the recent Dent interview in which Dent and the editor of the Elliott Wave newsletters conclude that the end consequence of the undoubtably worrying trends discussed above will be deflation so severe as to bring gold back to $300 or so?


    • Good point on gold, though it has a thousand years or so more of human tradition behind it than any other currency — whether that ends up mattering over the next 50 years probably depends as much on the psychology of crowds as on anything else.

      As to whether deflation really settles in, God if I know — central bankers sure know how dangerous it is and are obsessed with fighting it, but I imagine it will be an interesting decade.


  3. Ok, so the $ is gonna crash and gold will either go to the moon or the dungeon. So what are you gonna do about the sky falling in Dr Zeus? Nothing!! Its beyond your control, so chill out.
    Can anyone imagine a world where you carry your gold bar around and scrape off a few grains to pay for your carrots? You’d get mugged before you got home. The $ is an iou. Whatever form of iou you choose is a fiat currency coz it only represents an iou for a portion of your store of value. That store, must be held in a vault to protect it from thieves and your’ll still spend/swap those fiat iou’s. So whatever happens, you can never get away from some form of fiat. And someone will have to look after that pot and attribute a relative value to it based on supply and demand. Remember that video of someone with a wheelbarrow full of German WW2 cash? They tipped out the cash and stole the wheelbarrow coz that had a value (as a useful tool).
    And what is the commodity that we call value? A store of $’s? A pile of inedible gold? Without a willing buyer and seller, there is no such thing as a store of value, beyond that which you need to sustain life for another day. So, if you really are expecting Armageddon, make sure you have a home where you can grow your next meal and get fresh water….Oh, and buy a very big gun so you can survive until all opposition has died of starvation.
    Being a reserve currency is a mixed blessing coz you cant really independently devalue it coz everyone else will follow suit and devalue too……net effect; same numbers owed by US, but twice as many printed $’s to pay it off with. So the gain to the FED (or whatever) is that all those that presently have savings, will have been quietly robbed of a portion of their dormant store of value, and the US can use that to pay off their debt. Unless the US can find a way to sell something to the world in the way China has sold the produce of its cheap labour, (maybe fract gas) thats the only way they will ever be able to pay off the debt. I think its called inflation and has been going on forever.
    China has worked very hard to control the relative value of their currency thereby allowing them to be cheap suppliers of placky crap. The last thing they want is to lose that control by becoming a ‘hands tied’ reserve currency whose value would be propelled upward by others currency manipulations. Also china owns lots of $. Every time the $ devalues 1%, like all other savers, they lose 1% of those savings. Do you really think that they will willingly see 50% devaluation? Ok try this…..the Yuan becomes the reserve…., the $ goes down 50%….the Yuan goes up 50%…..its a wash. NO, coz their placky stuff suddenly got 100% more expensive, so it would be made in the US in the future. Suddenly China has no export markets, and its everyone back to the paddy fields. Revolution?
    The US and China (with too many others to mention) are presently locked in a deadly embrace rather than a dance of death. The $ will stay the reserve (unfortunately for you guys)……your standard of living WILL decline as inflation eats into your fiat store of value and pensions……..the next generation wont give a damn coz their week to week wages will rise to compensate so they can still live quite nicely. In fact, I think its only fair. Why should the next generation pay off the debts this generation has created, and keep us in clover? I see far too many people here worried about how THEY will survive, without out a second thought for how their children/grandchildren will survive.
    May you live in interesting times.


    • Indeed. I ask many so-called “preppers” what do they tell their children?
      “Don’t worry about your grades in school, it will all be over soon.”
      How sick is that? The Debt is NOT the only thing that our children will inherit but all of the infrastructure we have built. It seems that people think of the debt as useless, yet it is the Debt that represents the money supply in America. Lessen the debt and there is less money to go around. What America needs is more Unions and less free markets. Unless the market has customers, what good is the Free market?


  4. Like many here, I also wonder whether America deserves the criticism it sometimes gets for being the most military minded country in the world. BUT, having bases in 147 different countries (or so I heard) even with only a few thousand troops there, doesn’t really send out the right signal.

    Having worked in Texas for one of the US’s foremost tech companies 15years ago, I found the people open warm and god-fearing. (Also gun-toting, but that might be just Texas)

    But, the only way that America has been able to fund that military might is because of the FED and the FED got its strength from the U.S gold reserves which after 1945 stood at 20,500 tons.

    Of course when Spain, France and Britain asked for some of that Gold back in return for your paper, leading upto the closing of the Gold window in August 1971, the Americans didn’t like it, but allowed the money printing to go on apace.
    Of course saying that the US would protect the House of Saud, in return the Saudis would ONLY sell their oil in dollars, and would invest their oil money in Dollar Bonds in return for this protection makes the US military sound like an overblown protection racket (which it has tried to be for the 147 countries previously mentioned)

    However, that 20,500 tons of Gold became less than 9,000 tons in the late 60s, but according to one commentator ALL the Gold had gone. SHE promptly fell from her tenth storey apartment window a few days after the report appeared in The Tattler Magazine – the Police said it was suicide though how thoroughly the case was investigated we can only speculate.

    Some 40years later, another whistle blower suffered a similar incident where he felt his life was threatened, and of course in our own Mother of Parliaments, we learned of a secret $15 TRILLION that was sent via SWIFT transfers to European Banks in the heat of the crisis, but which received little or no media attention.

    I could go on, but many little patriots might be offended that I’m somehow painting their beloved country in a negative light.

    Just because 95% (or more) of the population are upright, fine, proud and patriotic citizens, does not mean that the country should be free from criticism, nor should those who beam with pride not also look to those in power to watch over them.

    And as for energy production, perhaps many readers here might like to do a little research around Thorium Metallic Salt Reaction – shelved in favour of Uranium use around 50years ago because of the military applications.

    Thorium, could provide TOTALLY SAFE energy at a fraction of the cost, and size of plant, with huge output, and with ZERO RISK OF MELTDOWN…. BUT there’s too many with fingers in political and military pies to seriously allow it to happen.
    (It doesn’t help that the knowledge and raw materials are not easily produced in the U.S.)



  5. This is now being pitched by Opdyke again, with pretty much the same spiel, but since April has passed without calamity he has now adopted the same July timeframe that Porter Stansberry has been panicked about. He now says this day of reckoning will come to pass by July 24, 2014.

    And if that doesn’t happen, well, I’m sure we can come up with another date into the future. You can’t go too far into the future, because if you talk about next year or three years from now, there’s no great urgency to sign up for a newsletter — but perhaps if July passes quietly he’ll move on to November, or year-end if he can find some feasible catalyst.

    The perils for the dollar are real on a long-term basis, but the notion that these things will happen quickly is simply a guess that is heavily influenced by ideological positions (things “must” happen) — the global economy has never been this intertwined, the dollar has never been so widely held around the world as it is now, no country has ever had as much debt as the US now has, so we really don’t know what will happen. It would be very easy for geopolitical crises of one kind or another to boost the dollar for many years into the future, there’s great solace to be had in the easy and logical arguments about the end of the dollar’s status as a reserve currency, but it’s hard to see this empire ending with a crash since there is no currency that could come close to replacing the dollar — and there are huge vested interests in maintaining the status quo.

    I continue to think we’ll probably see blips, and will probably see a long, slow depreciation of the dollar, as we have for decades, but that’s just my guess, and I suspect that those of us who look for long-term compounding of wealth and appreciation of assets would do better to put our faith in longstanding, well-managed, productive companies with global businesses rather than just in hard assets like real estate or gold coins. We know that commerce, the making and selling of things, creates value, and that will continue over the long term regardless of the currency that we transact in 25 years from now.

    I do own some gold coins, and some silver, and a bit of real estate, and my portfolio is modestly overweighted in commodity-related and “hard asset” businesses, but I consider that prudent diversification.


    • Palm Beach’s “Income Extermination” was supposed to happen on June 17, 2014, but now it’s been postponed to September. Any chance of another postponement?


  6. Porter Stansberry is touting another newsletter claiming that on July 1, 2014 there will be a secret provision in H.R. 2847 that will affect all Americans in many ways. Truthorfiction.com states that it is unproven while Snopes has an extensive analysis of the law and its potential impact upon U.S. investment values and currency Quote from Snopes: “But no credible source that isn’t an investment firm trying to scare potential customers into forking over money for a newsletter subscription is seriously maintaining that a law passed four years ago will, within the next few months, collapse the entire U.S. economic system, destroy the American way of life, and lead to the imposition of martial law.” end quote.
    Read more at http://www.snopes.com/politics/conspiracy/hr2847.asp#jsPUdKP8j6KfijMZ.99


    • Wooooa. Don’t sling political mud here at more than half the population (that voted for him). I do not consider myself dumb and I voted for Obama twice and am proud of that. I think national health care is great and the republicans should be delighted it is being done thru private insurance. Dems wanted a single payer like Medicare (which by the way works fine and at lower cost that private insurance) but we compromised with the republicans on private insurers, almost like what Mitt got passed in Mass. but now republicans don’t like that? And why – because they want the president to fail and so the right wingers in the house repealed it 50 times but now that it is proving to be successful and popular the right wing no longer says anything about it – they don’t want to say repeal it and have all their voters that are benefiting replace them in DC as a result. All the naysayers are suddenly silent. And I think Snopes is right – nothing is going to have the sky falling on us in the next two months.


  7. Obviously, you seem to have a filtered (single) view of the Obama Care perspective somehow. It has been interesting visiting this thread but the entire read has taken its toll but before I go, you need to at least read a couple of additional view points. I don’t know where you have been concerning opposing Obama Care views and contrary voices but you may consider a few viewpoints to get you started. I am just too tired to spend any more energy on this. Here are a few:
    “The Cost for 4 Failed Healthcare Exchanges Will Blow Your Mind”
    “Another State-Run Health Care Exchange Fails in Epic Fashion”
    “ObamaCare Contractors Paid to Do… Nothing?”


    • Dear NumberoneD,
      Seems like if anyone here has a “filtered view” it might be because you get your information from Americans for Prosperity – and totally biased ultra right wing voice of the Koch brothers. Both your citations above are from undated (and now very old out of date) articles from them that take a few potshots at the health care plan. Sure there were some issues along the way getting the state sites working and I suppose somewhere you can find someone working for the system with not enough to do to justify their position. A look at the bigger picture however and you find lots of good things happening with it and people getting insurance that did not have it before – and lots of young people too that make it work from a large diverse risk pool. Indeed the right wing has pretty much stopped talking about the health care plan because it is working so well and now criticisms of it will cost them votes so instead all Fox news can seem to dredge up is talk about is non-scandals like Benghazi or the IRS.


  8. There has been no appreciable warming of the earth’s surface since 1995 and for 16 to 26 years none has been detected in the lower troposphere. That’s right! Canadian Professor of Environmental Economics Ross McKittrick has published his study in the Open Journal of Statistics, titled “Measurement of the Duration of a Trendless Sub-sample in a Global Climate Time Series”. McKittrick has crunched the numbers from all the major weather organizations in the world and has found that there has been no overall warming at the earth’s surface since 1995. Sorry folks, the “Religion” of Climate Change has lost much of its credibility in recent years as we Canadians note some of the coldest winters, latest springs and cool summers in decades, since 2012. This week we are already getting unseasonable snowstorms in BC, No. Alberta and N.W. Territories, Yellow Knife. As for Polar Bears? Their population in Canada has doubled over the past 20 years. The demise of an ice-bound Arctic Ocean killing all our polar bears has been greatly over stated. Despite Al Gore’s flights up to Toronto in his jetfuel/oil burning private jet, his smoke and mischief call for ever more costly Canadian alternative energy sources, like windmills, we True Northerners are starting to have very serious doubts that we are being conned by the Big Government control guys, like Al. Time for a reality check. “Climate change” has suddenly gone cold! It ain’t so cool anymore!


  9. Just received (1/27/2015):
    “What you are about to see is based on information obtained from a little-known government document called FT900.
    It’s published by a non-descript Federal office located at 1401 Constitution Avenue in Washington, D.C., less than one mile from the White House.
    The following presentation not only reveals the contents of this document, but it walks you through the exact timeline of how and when this 9/11 event is scheduled to occur…
    Just like 9/11 had a lasting impact on our society, this event will also reshape America … in a different, but equally dramatic way.”
    Sent to spam !


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