Wednesday, November 19, 2008

Elements In The World Point to Higher Gold and Silver Prices

It's just a matter of time before there are higher gold and silver prices in probably all government fiat tokens.

Jim Rogers in Seoul on the USD and more. He is still carrying around 2 gold pieces in his pockets.

The "Summit on Financial Markets and the World Economy" in Washington DC is not going to amount to a hill of beans. Politicians would have to voluntarily give up a lot of power to do anything that would actually make a significant difference, as in allowing real money to be used, or an honest currency redeemable in something by anybody, to be used.


New!! Ron Paul has a run in with (grills) Ben Bernanke. To bad he only has about 5 minutes:


Volcker issues dire warning on slump

"What this crisis reveals is a broken financial system like no other in my lifetime," he told a conference at Lombard Street Research in London.
"There has been leveraging in the economy beyond imagination, and nobody was saying we need to do something,"


Judy Shelton writes:

Stable Money Is the Key to Recovery

One thing is guaranteed: Most attendees will take the view that Wall Street greed and inadequate regulatory oversight by U.S. authorities caused the global financial crisis -- never mind that their own regulatory agencies missed the boat and that their own governments eagerly bought up Fannie Mae and Freddie Mac securities for the higher yield over Treasurys.

But whatever they agree to pursue, whether new transnational regulatory authority or globally mandated limits on executive remuneration, would only stultify prospects for economic recovery -- and completely miss the point.
To speak of "overvalued" or "undervalued" currencies is to raise the question: Why can't we just have money that works -- a meaningful unit of account to provide accurate price signals to producers and consumers across the globe?


"The sad fact of the matter is that the current financial system - the one which grew out of the final repudiation of Gold in 1971 and the "floating" of all currencies in 1973 - is much to the taste of the political and monetary powers that be. In fact, without it, the intrusions of governments everywhere could never have reached anything like their present all-encompassing size. "Running" a country is a very expensive proposition." - Bill Buckler


The only type of "Running" an economy governments can do is into the ground.


All this in full view of Congressional Market Oversight Committees and under the supervision of Government Regulatory Agencies. If governments can't organize a dozen of donuts at home, what are they doiing talking about organizing the world's financial system.

Saturday, November 08, 2008

Savings In Real Stores of Value: Gold, Silver, Mines, Farms

Savings in real assets like gold and silver rather than most paper or digital financial assets is what is required to survive and/or get ahead in what is coming economically in the next decade or so.

Increased wealth creation requires increased savings from previous wealth creation. There has been little or negative growth to real wealth creation in the Anglo Saxon world, therefor the same can be said for savings.

Politicians and humans in general are pretty predictable. The US Treasury/Fed are going to try to create massive amounts of USD to save their buddies. There will be few safe stores of value left. The problem with gold and silver right now is that they are getting hard to buy. Either the supply is decreasing or they are getting bought up in a heart beat as they become available.

If you were not buying protection back in 1999, 2000, 20001; it is going to be really hard to do it now compared to back then. Gold and silver were cheap and readily available. No longer it seems.

What the combination of the US government and the US gangster banksters are doing is big time economic and financial history being made.

Jim Rogers on the big picture recently:

Jim Rogers again on the big picture recently:

Ron Paul on FOX Business w/ Cavuto on the big picture:

Who else in the mass media, particularly television, is telling it like it is?
Virtually nobody.


Tough Sledding Ahead, Surviving A Coming USD Collapse
Christopher Laird

None of us in the US has ever dealt with the twin threats coming our way in the next few years. The first is a real economic depression. The second will be the demise of the US dollar, or at the very least, its severe devaluation like 70% or more (at first).

I would like to point out that in the last great depression in the US in the 1930’s, we did not have a combination of a currency crisis with the economic crisis. The USD, although it fell compared to gold, held up well. Deflation increased the value of anything called cash, including gold.

This time, the outcome will be different. This time, the US faces an economic depression AND a currency crisis soon after. How far off is this?


M3 keeps chugging on up. The more there is of something, the less it is worth.

There will probably be trillions more USD created before all the bailouts are done, particularly for government retirement and healthcare programs.


Watch out when government's backs are financially against the wall. Many digital assets are a piece of cake to steal:

BUENOS AIRES (Reuters) - Argentine President Cristina Fernandez on Tuesday sent a bill to Congress to nationalize the country's private pension system. ...

Dems Target Private Retirement Accounts
RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration.


Eric Sprott:
Cash or Gold

Probably, your savings are a lot safer in gold and silver.