ALLEN WEST: Speaker Boehner, find the courage to establish a Benghazi select committee

Guest post by Allen West

This morning I had a chance to visit with a former colleague, someone for whom I have the utmost respect, Virginia Representative Frank Wolf. Rep. Wolf is the author of House Resolution 36, which calls for a Benghazi select committee with subpoena powers to formally and singularly focus on the incidents surrounding the US Consulate attack in Benghazi Libya.

Rep. Wolf shared with me today that he now has 182 cosponsors, all from the House GOP. One has to ask if the Democrats are more aligned with their political party or truth? The 182 cosponsors represent approximately 80 percent of the House Republican conference, and according to former Speaker Dennis Hastert, meet the standard of the “Hastert Rule,” a majority of the majority. Yet this piece of legislation is blocked from being brought to the House floor for a vote.

Rep. Wolf and I mused — actually we both became infuriated — considering how in the State of New Jersey Democrats have established a select committee and are pursuing subpoenas against Governor Chris Christie over traffic lanes being closed. Is it possible that traffic lane closures are more important than the abandonment, murder, and lying that hangs like a dark cloud over the events of September 11, 2012? Have we become so degraded that we do not see the utterly despicable hypocrisy of the Democrats in New Jersey and the liberal progressive media?

Over the weekend, we witnessed the arrogant dismissal of President Obama, who has already referred to Benghazi as a “phony scandal,” as he chided Bill O’Reilly, stating that Benghazi, among other nefarious actions, are just talking points driven by Fox News. The belligerence of President Obama has been enabled by a House GOP leadership reluctant to stop the diluted process of five different committees who must ask for information by way of FOIA requests. Just yesterday before a House Intelligence Committee hearing, Director of National Intelligence, James Clapper, and others were asked when will someone be held responsible for the incidents surrounding Benghazi? The question was met with nearly 10 seconds of silence.

Losing an American Ambassador is not the new normal. Abandoning brave Americans to die is not the new normal. Supplying arms to Islamic terrorist and jihadists and running a covert weapons program is treasonous and represents high crimes and misdemeanors.

And liberals, just stop it. Stop telling America there is nothing there. You all know that if it were Speaker Pelosi and a Republican president, there would have been a select committee, an incessant screech calling for impeachment, and calls for imprisonment. If Democrats can become frenzied over the closing of traffic lanes and create a select committee to investigate a Republican governor, we all know what you would do in this case to a Republican President — lying hypocrites that you all are.

However, I am beginning to develop an even stronger concern about House GOP leadership, primarily Speaker John Boehner. Speaker Boehner, you know very well, your approach on this has not been effective. President Obama and Hillary Clinton, as well as the entire Democrat party are laughing at you. You have a majority of your conference supporting this select committee — explain why you do not? It can’t be that resources do not exist and there’s not enough time.

Here is my recommendation. Select five individuals to make up this committee, three Republican and two Democrat. We don’t need a committee of pontificators who will not get to the bottom of this. I recommend you select from House GOP Representatives Jim Jordan, Jason Chaffetz, and Trey Gowdy as head of the Select Committee. I really don’t care who the House Democrats are since they lack any integrity and concern on the matter. They’d all be the same. If you do not want a select committee, then appoint a special investigator with subpoena powers. I would be happy to volunteer. All I ask for is a staff of five and cranberry juice.

Whether you pursue a select committee or special investigator with subpoena powers here is the initial list to be called: President Obama, Valerie Jarrett, Hillary Clinton, Susan Rice, Leon Panetta, General David Petraeus, John Brennan, Victoria Nuland, Michael Morell, General Carter Ham, General Martin Dempsey. As well, they would need to have their Chiefs of Staff prepared for subpoena and testimony. This would be a public hearing and all subpoenaed would present themselves in person before the committee.

Speaker Boehner, this should make you angry — angry at what happened in Benghazi, which cannot be the new normal. I implore you to find the courage to make the right decision and establish the select committee with subpoena powers on Benghazi, and operations in Libya. If you cannot find the courage to do so, Americans will see it as one of two things: cowardice or complicit. Neither are good, combined they are disheartening.

Speaker Boehner, Thomas Paine once stated, “These are the times that try men’s souls. The summer soldier and the sunshine patriot will, in the crisis, shrink from the service of his country; but he that stands it NOW, deserves the love and thanks of man and woman.”

The choice is yours, summer soldier and sunshine patriot, or will you win the love and thanks of all Americans? One thing I know, in keeping with the finest traditions of our Founding Fathers from Virginia, Representative Frank Wolf has earned the love and thanks of man and woman, especially those who lost their loved ones at Benghazi.

Read more at AllenBWest.com.

Doug Ross @ Journal

Gold and Silver Update: “Have the Courage of Your Convictions and Hold Fast”

Crackpot Preppers

The last couple of weeks have seen stock markets bounce around inexplicably and reach new highs, all in the midst of an economy that is, once again, about to buckle.

Likewise, during this time period we’ve seen the price of gold and silver fluctuate significantly, primarily to the downside.

This has left many holders of these metals, as well as potential investors, quite nervous.

Is this the end of gold’s decade-long run?

Hardly.

Despite media claims to the contrary, there is no gold bubble (yet) and this ancient metal is nowhere close to the levels of value it will achieve as the global economic and geo-political situation worsens.

We once opined that the price of gold would do wildly amazing things throughout the course of the various intense crises facing the world, so much so that those who own the metal will hate it so much they’ll want to spit on it. This is why we’ve recommended that those who buy gold as a hedge against the collapse of pretty much the entire world not lose a wink of sleep over short-term price movements.

Those of us who hold physical assets do so not to make money on leveraged trading accounts. We do it to preserve our wealth over the long-term.

Gold is money, regardless of what Chairman Bernanke wants us to believe.

As we move forward we must keep in mind that not everything that’s happening in the ‘free market’ is as free as we may think.

Adam Taggert of Peak Prosperity suggests that what’s happening right now is that our convictions are being tested and there’s no fundamental reason for us to back down from why we invested in precious metals  to begin with (or other collapse-proof hard assets, for that matter):

It’s hard to swallow that these charts are evidence of a free and efficient market. Otherwise, a pattern this predictable would be quickly removed as traders and HFT algos piled in to a “sure” bet.

Instead, this is behavior one would expect to see if powerful interests wanted to suppress the price of gold: hit the price hard and early at the start of the trading week to prevent the price from building upward momentum, as well as to make capital think twice before entering the gold market.

Who is doing this selling at the market open? Is it TBTF (“too big to fail”) banks making profit on large short positions? Is it the Fed, through proxies, keeping the gold price contained so as not to signal how badly QE is devaluing the dollar? Allegations swarm across the Internet that it’s one of these – or both. But we don’t know for certain. The exchanges don’t make that information available to the public.

But while these charts above are not enough evidence to prove that the gold price is being manipulated, they sure exhibit the symptoms one would expect to see if it is.

So, the big question is: if the precious metals market is being manipulated, is it wise to be in it?

From our perspective here at Peak Prosperity, for all of the reasons explored in the Crash Course and discussed here daily, we firmly believe that fundamentals will ultimately matter most. And when they fully express themselves, there will be a tremendous re-pricing of assets  largely higher for tangible assets that require energy to obtain, and markedly lower for paper claims on wealth (stocks, bonds, and their derivatives).

But as we’ve often said, the corrective process may very well take much longer than we ever expected to arrive. Frankly, we’re amazed that the system has held together so well over the past 5 years with all of the thin-air money printing, trillion-dollar deficits, and $ 100 oil. If you are playing to the fundamentals, as we are, you need to be eyes-wide-open that you may be frustrated for far longer than you’d like to be.

It’s only human to have your confidence shaken when the market acts so completely differently than you think it should for so prolonged a time. Chris and I feel the same pain, both constitutionally as well as in our wallets, as much of our net worth is invested in the PMs.

But every time we go through the exercise of challenging our assumptions, we walk away feeling certain that our charted course is the correct one – and that at some point, fundamentals will prevail.

As for what those fundamentals are, there’s a seminal piece Chris wrote back in 2011 called The Screaming Fundamentals for Owning Gold and Silver that is even more true today. I highly recommend revisiting it.

Chris has mentioned many times that this market feels an awful lot like 2007, when asset prices powered ever higher month after month, even though the underlying data was deteriorating fast. As then, he sees a high and rising potential for a violent correction that will take the market by surprise and vaporize a lot of wealth before players are able to react.

Full Analysis: Gold’s Regular Morning Mugging

The take away is that the moves to suppress precious metals by the powers that be are to be fully expected. You see, while they play paper shuffle with the price of gold and cause confusion in markets on the one hand, guess what’s happening in the other hand?

Central banks and governments are buying tons (literally) of gold and stockpiling their vaults. Others are doing their damnedest to repatriate their international holdings, as recently evidenced by Germany’s move to return all of its 3,400 tons of gold currently held at the U.S. Federal Reserve. And they are not alone; Holland, Venezuela and a host of other countries are doing the same.

For those who are not invested in precious metals for reasons that may include budgetary issues or the notion that one “can’t eat it,” it’s still highly recommend that you watch the precious metals markets, as they provide insights into what investors and governments are doing. Massive capital flows are taking place right now in these markets, which suggests individuals, conglomerate, cartels and governments are positioning themselves for near and long-term events that will have serious implications for the entire world.

Gold, while often cited as a hedge for inflation, is actually much more than that. Throughout history it has been a hedge against instability and uncertainty, and believe it or not, it was at one time actually used as money to exchange for goods and services, and as a way for governments to back the value of their paper currencies.

It is still money.

And when all of the machinations and manipulations taking place today end because of currency destruction and governments collapse in on themselves because of massive debt loads, it will be one of the few investments left standing.

Naturam Expelles Furca, Tamen Usque Recurret
(Horace circa 20 B.C.)

“Nature can be expelled with a pitchfork, but nevertheless always returns”

They may manipulate our markets, our money, and our political processes.

But nature will always correct the imbalance.

And, as we know, nature tends to be quite violent and destructive when that happens.


SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You