Article in this morning's San Antonio Express newspaper suggests that a rise in interest rates would have an inverse impact on precious metals prices. I'll have to scratch my head and figure out the mechanics, but it seems valid.
Given recent increases in prices of goods and services, and the inept means of measuring and reporting inflation, the Federal Reserve has been cautious about using interest rates to control inflation. The most likely reason is that the Fed isn't the only source of cash, now that the world is flush with it from U.S. (public and private) spending habits.
In a stroke of irony, a federal court has struck down the Texas voter identification law which was passed by duly elected officials, who were voted into office by lawfully, by legal registered voters. This is typical of the upside down world of liberal/leftists who want to expand voting rights to everyone, everywhere until that right is meaningless.
A federal appeals court panel ruled that Texas’ voter ID law discriminated against blacks and Hispanics, and violated the 1965 Voting Rights Act. The overturned law required voters to bring a government-issued photo ID to the polls. Accepted forms of identification include a driver’s license, a United States passport, a concealed-handgun license and an election identification certificate issued by the State Department of Public Safety.
Attorney General Paxton testified first. For an hour, he outlined what his office's recently launched investigation has uncovered. Investigators from the Texas Attorney General's office recently toured the "P.O.C." room at a Planned Parenthood facility in Houston. 'P.O.C' stands for 'product of conception'; Planned Parenthood couldn't even refer to their 'medical specimens' as children (Note: Abby Johnson later testified that when she worked at Planned Parenthood they would joke about calling it the 'pieces of children' room.). Inside the 'P.O.C.' room, Planned Parenthood would store the remains of pre-born children in jars until they were ready to be transported for 'disposal.' General Paxton testified that this particular facility 'discards' 260 pounds of 'medical waste' per week.
On the surface, the leftist watchdog group Texans for Public Justice has driven much of the action in the case. TPJ is mostly the effort of one man, Craig McDonald, who worked as a liberal community organizer in the 1970’s and is an alumnus of Ralph Nader’s Public Citizen. McDonald and TPJ have been accused of using “lawfare” against targeted Republicans and are funded by George Soros’ Open Society Foundation.
Texans should be aware that San Antonio Mayor Julian Castro and the SA Chamber of Commerce may have provoked a new “battle of the Alamo”. He has made some initial moves to allow the United Nations to influence and possibly even manage the Alamo. SA Express/News began a soft sell of the idea in their Sunday, September 15, 2013 opinion page.
It has been reported that Mayor Castro and his close ally, City Councilman Diego Bernal, have been meeting with U.S. Department of Interior officials about the future of San Antonio’s historical missions. Castro and the SA Chamber want to make the old Spanish missions a greater tourist attraction by designating them national and world cultural treasures.