Ever wondered why there are so many TV commercials for buying and selling gold? If you haven’t heard, world governments are ditching the U.S. dollar and buying gold. Entrepreneurs are acting on suckers unwitting consumers willing to part with their gold for last year’s prices.

Let’s look at the precious metals markets — the only enduring source of trading stability because of the scarce nature of the commodity. While this may sound like G. Gordon Liddy in a gold commercial, just look at the facts.

In the past year, gold has climbed 54 percent to record highs exceeding $1,100 an ounce. In the same period, silver has nearly increased 96 percent in value.

The Democrat-led U.S. government has torpedoed the dollar’s value with reckless spending in stimulus packages, bank and auto bailouts, costly social programs, and so forth.

Inspired by the long-debunked Keynesian economic theories of the 1940s, the Obama administration preaches a promiscuous fiscal policy where government spends, spends, spends taxpayer money in an attempt to resuscitate a lifeless economy.

You can’t spend money you don’t have, but if you’re the government, you just crank up the money printing presses! This source of cash is not the mythical “money tree” or even pennies from heaven. It is a stealthy way to strip away buying power from our paychecks or our life savings. We see it when gas prices go up. We see it when a sack of groceries gets more expensive. We see it when gold prices skyrocket.

The word on the street is that another government stimulus plan is coming that will further tranquilize our economy and tank the dollar. With Americans screaming “Where are the jobs?” now the president wants to do something about it. But as you would expect, Obama is going about it all wrong.

You can’t spend your way to prosperity with other people’s money.

UPDATE: A day after we reported this story, the DNC added a much-needed “Captcha” feature to its Party Builder page to prevent it from being exploited by automated email spammers. When someone said “Party Builder,” DNC leaders apparently took it quite literally. Unconfirmed reports say that billowing, smokey clouds soon emanated from a nondescript, closed-door meeting room at DNC headquarters.

In a major Internet security breach, scammers are manipulating the Democratic National Committee’s web site to send mass emails intended to dupe victims out of large sums of money in hopes of realizing a larger return.

The Register, a British technology news and opinion web site first broke the story. As of Aug. 28, no U.S. news media outlet has yet picked up on the breach that affects Democrats.org.

According to Internet researchers, a “significant” amount of fraudulent messages has been sent through the Democrats.org web site. Experts show that the DNC web site is still being exploited, as scammers continue their spree of Internet abuse that began on or around August 1. The scammers have been using a computer program that automates the sending of false emails through the Party Builder page — a web page meant for inviting friends and family to the DNC.

Instead of ads for male potency pills or weight loss schemes, the fraudulent emails in question are advance-fee scams, also known as “419 bank fraud,” which refers to the criminal code of Nigeria, where the scam originated in the 1980s, following the decline of the Central African country’s oil-based economy. Fast-forward 20 years and with the availability of email, the scam proliferates with Nigerians sending their bogus letters over the Internet instead of by mail. Some experts estimate that the average 419 scammer can rake in as much as $60,000 a month. Compare to the country’s paltry $2,300 per capita GDP, as cited in the CIA World Factbook (2008).

A spokesman for the Democratic Party had no comment, and the DNC has not yet acted on its security breach. It continues to contribute to the enabling of scammers as they flood millions of user mailboxes with spam email day after day, week after week.

The issue is particularly serious for the DNC, because it affects the credibility of future email sent from its web site as email servers worldwide flag Democrats.org email as junk. The fact the process can be automated further exacerbates the breach, which could be corrected with a simple Captcha program — Internet lingo for a means of ensuring that email sent through the page is not generated by a computer, reducing the potential of such a web site being used as a portal for mass email.

Links

• Diagram Shows How DNC Web Site is Circumvented
• US Dems Fill Inboxes with 419 Scams
• 419 Advance-Fee Scams
• CIA World Factbook Profile of Nigeria

On Friday, the U.S. Congress passed a nearly unanimous resolution condemning the on-going violence in Iran following last week’s suspect elections, in which incumbent President Mahmoud Ahmadinejad was announced as the victor over Iranian opposition leader Mir-Hossein Mousavi and other candidates.

During a Republican press conference just prior to the vote on Friday, Rep. Mike Pence emphasized the United States’ special role in promoting democracy around the world.

“Our interest here, our purposes from the outset, was to give the American people an opportunity to condemn the violence, condemn the repression of a free and independent press and ultimately to speak a word of support to the brave men and women on the streets of Tehran,” Pence said.

In this video, MSNBC’s Chris Matthews interviews Rep. Pence and offers congratulations to him on the resolution which passed 405-1 and was sponsored by Pence. The sole dissenting vote was by Rep. Ron Paul of Texas.

httpv://www.youtube.com/watch?v=WHlT2its-p4

See also this story:
US Congress Condemns Violence Against Demonstrators in Iran