Thought For The Day:

Get ready for bailouts of everything everywhere to levels beyond your wildest expectations.

Only gold can insure you against what is coming down as a product of the glib political decision made today to bury the financials in order to placate voters.

To add to the political panic in Washington is the Supreme Court ruling allowing corporations to spend whatever they want on political elections and lobbyists. This may not have percolated into the heads of the sitting administration, but it means that if unemployment is not overcome this will be a one term administration.

You can be sure the amount of money that is going to be legally spent on making sure certain candidates DO NOT WIN in November is going to be titanic in size.

The administration has acted too fast as a result of their loss in Mass. yesterday. They may well kill the golden goose of the equity market wealth factor the sitting administration has worked so hard to build.

The blowback will expose the true revolution which is job oriented and dire.

Hanging the banksters is an inviting solution, but will not stop the voter rebellion now in progress everywhere.

Jim Sinclair’s Commentary

Hanging the banksters sounds inviting, but it will not get this guy’s vote in November 2010.

Today’s actions, a product of the loss of the Mass. election, are ill considered on a cost vs. reward basis by the present administration.

Jim Sinclair’s Commentary

Here is today’s most important event.

The bull market for lobbyists is going into bubbledom. The cost to buy Washington is going into a bull market.

So much for whatever is left of democracy. This looks like Rome to me.

Supreme Court Rejects Campaign Spending Limits
By ADAM LIPTAK
Published: January 21, 2010

WASHINGTON — Sweeping aside a century-old understanding and overruling two important precedents, a bitterly divided Supreme Court on Thursday ruled that the government may not ban political spending by corporations in candidate elections.

The ruling was a vindication, the majority said, of the First Amendment’s most basic free speech principle — that the government has no business regulating political speech. The dissenters said allowing corporate money to flood the political marketplace will corrupt democracy.

The 5-to-4 decision represented a sharp doctrinal shift, and it will have major political and practical consequences. Specialists in campaign finance law said they expected the decision, which also applies to labor unions and other organizations, to reshape the way elections are conducted.

“If the First Amendment has any force,” Justice Anthony M. Kennedy wrote for the majority, which included the four members of its conservative wing, “it prohibits Congress from fining or jailing citizens, or associations of citizens, for simply engaging in political speech.”

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