23 July 2008

Are We Duped?

In his “Economic Consequences of the Peace” John Maynard Keynes wrote:

“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily and, while the process impoverishes many, it enriches some. The sight of this arbitrary arrangement of riches strikes not only at security, but at confidence in the equity of distribution of wealth. Lenin was certainly right. There is no subtler, no surer means of overthrowing the existing order of society than debauching the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”

22 July 2008

OBAMA HAS LOST IT!!!!!!!!

Obama said something very scary, and it is quoted in Chicago newspaper......

I can't believe this is not getting any attention....

"We cannot continue to rely only on our military in order to achieve the national security objectives that we've set," he said Wednesday. "We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

This has to be the most rediculous thing I have ever heard come from a politician. Somebody needs to figure out who this guy thinks he is before he gets elected and turns America into a very very bad place.

http://www.chicagotribune.com/news/chi-obama-national-servicejul03,0,5754842.story

15 July 2008

Gold is Too Expensive???

The American Dollar is in a freefall again today as the world loses faith in the paper dollar. So let me ask, when the dollar loses value do prices have to go up? Do commodities actually cost more? Does Value change?
I am not an economist, but common sense would tell you that real value doesn't have to change for the price to go up. For real money (like gold and silver) the value is already there. What is changing is the dollar stupid!
So if you make a bet on gold or silver, or even gas for that matter, are you making a bet on gold, silvewr, or oil, or are you make a bet against the dollar?
I don't give investment advice to people, but good God.... Gold is not expensive; Oil is not expensive; Silver is not expensive; The US Dollar is freakin worthless.
It is amazing to me that the network news stations have been able to keep the general public on a leash. People have no clue what is going on. WEALTH IS DISSAPPEARING INTO THIN AIR!!!!
If you are going to save MONEY, now is not the time to save it in greenbacks. Store your money where people have trusted it for most of the last 4,000 years.
Remember.... even in the US, gold and silver was real money 75 years ago. So before you go calling a gold bug crazy pick up a book.
If you want to watch your wealth evaporate.... The best way to do it is in the NYSE, or as an alternative you could just burry some money in a coffee can.
Either way the transfer has begun.... Own gold, Own silver.... Not paper, Not certificates, Not broken promises.