Saturday, November 21, 2009

Gold and Silver - Protection From A "Racket"

Here is organized crime at work:

Here is more organized crime at work:

Greenspan knew better. He used to hang out with Ayn Rand's crowd and was in business for himself although that one went down the tubes. He got the El Hefe job at the Fed just in time. Just another guy that went over to the "dark side". All Ben, the current puppet, knows is the world of academia. He has no business, banking, or financial market experience. What they figured he was good at was doing as he is told.

* * *

Of course things are not going too well for some of the boyz. Not one, but two of Madoff's buddies are dead (just an example). "Feel the love" on Wall Street/The Fed/Treasury/Congress/White House. There is no honer amongst thieves.


A Mafia Godfather finds out that his bookkeeper has cheated him out
of ten million bucks. His bookkeeper is deaf. That was the reason he
got the job in the first place.

It was assumed that a deaf bookkeeper would not hear anything that he
might have to testify about in court.

When the Godfather goes to confront the bookkeeper about his missing
$10 million, he brings along his attorney, who knows sign language..

The Godfather tells the lawyer, "Ask him where the 10 million bucks
he embezzled from me is."

The attorney, using sign language, asks the bookkeeper where the
money is.

The bookkeeper signs back: "I don't know what you are talking about."

The attorney tells the Godfather: "He says he doesn't know what
you're talking about."

The Godfather pulls out a pistol, puts it to the bookkeeper's temple
and says, "Ask him again!"

The attorney signs to the bookkeeper: "He'll kill you if you don't
tell him!"

The bookkeeper signs back: "OK! You win! The money is in a brown
briefcase, buried behind the shed in my cousin Enzo's backyard in

The god father asked the attorney, "Well, what did he say?"

The attorney replies: "He said you don't have the balls to pull the

* * *

As the famous Austrian economist Hans Sennholz wrote near twenty years ago;

"Sound money and free banking are not impossible, they are merely illegal. That is why money must be deregulated. The Gold standard will return as soon as people realize that honesty is the best policy.

As hope of ill gain is the beginning of the fiat standard, so is honesty the mother of the Gold standard. The Gold standard is as old as civilization. Throughout the ages, the Gold standard has emerged again and again because man needed a dependable medium of exchange."

* * *

The government schools (one of the planks of the Communist Manifesto) have been dumbing people down for so long that the rich (more often than not from buying government protection against competition) are only just getting what is going on in the world financially and economically. Only just realizing (after a bull market in gold and silver that started about 9 years ago, and was up in USD prices every year in a row) that even government protection that can be bought is no protection from what is coming. That only atoms, better the gold and silver types, can provide the proper protection.

And, wooooo unto those that think they are buying protection by buying "paper gold" like GLD, SLR (2 ETFs), futures (The Comex can not default? Oh, no, Joe. Say it ain't so Joe.), options, etc.

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