Boots on the Ground in Richland, Washington with Ron Paul
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Hi Martin,
I believe that because of simple fundamentals, gold and silver will go up. I say this because in times of economic calamity that is what usually happens.
Best,
Big Al
Martin, Nobody can predict what will happen in the short-term or on any world event. History tells us that in the long term, all fiat is doomed. Gold and Silver will maintain its value, but will appear to skyrocket to the moon.
Hi Bobby,
My thoughts exactly!
Big Al
Mr Korelin, sir, you are a very fine man. I will always address you with respect.
But this Ron Paul, do you honestly believe that this Don Quixote will slay the monster Fed?
I agree with Ron Paul re: audit the fed, Fort Knox, ending foreign aid ( too many Americans are living in poverty, too many cities are sore wounds that will have to be either destroyed or re-built and it goes on and on). The USA simply can no longer afford to borrow from China and give money away or even risk it in highly sophisticated military research that may never pay off.
Too many kids leaving in insecure situations. I am afraid that it will only get worse. And they will enter adulthood with anger.
American White people are so divided and there is so much ugly left wing and ugly right wing propaganda and ugly sites on the net that America is not the country we used to know.
I wanted to like Ron Paul until he called Gaza a :concentration camp”. This is on you tube.
Here is a link to ” Fat Jihad”; Palestinians are high on the obesity level. If one defines a concentration camp is weighing less than 300 lbs than according to their criteria, Ron Paul is correct.
A typical woman from Gaza could kick both him and Rand Paul any day of the week!
This rank was on The Economist. The British are not pro Israel, being dependent on Arab Muslims for oil and investment dollars and exports and are busy with their immoral occupation of Gibraltar and the Falklands.
http://www.flickr.com/photos/simonstudio/4490634362/
In all due respect to Ron Paul, has he disavowed the medical plan he has enjoyed ( I assume) since being in Washington?
Was Ron Paul behind the move to stop the insider trading by the Washington elite? I assume he enjoyed being above the law for so many years.
Has he ever commented on term limits or temp agencies?
Another American named Bill Still has taken the case to youtube, to audit both the Fed and Fort Knox.
If America does not become united place and begin to stand for truth and justice, it will not last. Too much anger and hate down there.
I could not give a donkey’s rear end about the Europeans. They wanted to give out sausages, chocolate, beer and German porn? Well now it is time to pay for it?
I do not believe that it is so crucial for the economy in North America. Can you please tell me why I am wrong?
Besides the war with Iran, the USA is galloping towards an “uncivil” war. that “uncivil” war in fact has arrived, it is being played out on yahoo and you tube. Ever read those comments in those sewers? Is this the real America?
Hope and Pray your site does not become a sewer.
I believe that the your readers a a cut above the rest found other PM sites.
I would love to be a guest and discuss America from a foreigner’s viewpoint.
Abe Lincoln believed that America was the last hope for humanity. I still believe it.
James B,
You don’t agree with the wiil of the people being correct, I guess!
You do know that the UK has held plebecites in Gibraltar, asking the people if they wanted to be associated with England or ruled by the Spanish, and the last one was 95% in favor of ties to the UK.
(Just like there was a popular vote in Ireland just after world war II, and as a result of that vote Ireland became indepedent and Northern Ireland retained ties to England.)
I don’t believe there has been a formal vote in the Falklands, but I am sure that if there was, it would be over 90% in favor of ties with UK. Argentina’s claims to the Malvinas are ridiculous, in that they were unoccupied until occupied by the British as a station for providing provisions for sailing ships. They have never belonged to Argentina! It would be like the US claiming the Bahamas besause they lie off the coast of Florida.
Error: world war II should have been WW I.
Eire had been occupied by the Bristish since before the Union of Scotland and England.
Henry VIII sacked and took possession of RC churches in 1536, and claimed possession of Ireland about 1540. The Island of Eire then remained under English rule until just after WWI, when a vote of the people was taken (I forget the exact date – before I was born).
Hi cfs,
You do know your history and I, for one, appreciate, your insights.
Big Al
In favor of ties with the UK is not the issue. The Spanish, in general, those who are aware, view this as an occupation. At least the Spanish I have met. I speak Spanish, French and Portuguese.
So I stand with the Spanish.
I assume that the results will be the same re: the Malvinas.
But the issue is HYPOCRISY. The British have occupied these lands since 1690 – Falklands, 1704 Gibraltar, yet never a written debate in their papers or on the net on the morality of it.
BUT,, their papers and websites are full of rants that Israel has no right to be in Judea and Samaria and Gaza ( before they evacuated) and Palestine must be an independent nation !!!
Whiskey Tango Foxtrot!!
I am not here to defend the Spanish invasion of the New World nor the invasion of the English, Portuguese or French, but what the British and other lefties and ultra righties, love to accuse Jews of doing, they did it. And did it often.
I pray for America and the good people of the UK, and now let’s get back to gold and silver.
I just bought a gold coin for the first time. I have been stacking silver since June thanks to this site.
Impressed how Big Al and Roger are able to have such well known names as guests and so often.
James B.,
As you probably assumed already, I met Big Al at the CRIC in Palm Springs – he is a very stand up guy with a very trustworthy persona. The other thing that I like is that Big Al looks you right in the eye when he talks to you AND he is NOT afraid to do it at CLOSE range…very impressive in my book. Hence, he is well liked in the industry and it shows by multiple guests spending multiple minutes with him on multiple and repeated occurrences.
All the best,
Marc
Hi Marc,
It’s all about mutual respect. If I don’t respect someone, I simply don’t waste my time.
Big Al
Hi James B,
To look at virtually any religion or let’s say group of people and say they have always been angels is something that I have tried to never do.
I am Catholic and I truly am aware of some of the horrible mistakes Catholics have made and, in some cases, continue to make.
It is all about a gift from God called free will.
Best,
Big Al
Geez, right on Big Al.
OK, I agree to get back to Precious Metals, with the exception of just one statement.
I am not a christian or a jew. I travel on an EU passport and live in the US at the moment and consider myself a world citizen.
It was an Englishman, Balfour, who, insisted that the Jews be given a homeland after the atrocities carried out on them during WWII and I agree with that decision.
There NEVER has been a country called Palestine, and Palestinians are a made up of group of people( muslim but not totally) who were displaced (voluntarily, because they were given the right to remain) from the land given to Israel. Remember this was a League of Nations decision, not a unilateral dicision, by the british occupying forces. I have been to Israel and the ccupied territory and if the Palestinians had spent the aid given to them over the decades on building infrastructure instead of corruption and lobbing mortars and rockets into Israel they too would have something better than a slum to live in.
And if you want to claim the jews have no right to occupy Israel, then blame the Romans, because Jews occupied that land for at least three millenia before being displaced by the Romans in about the third century A.D.
James B,
I was not going to do this, but have you been to Gibraltar?
I bet you have not. I have. About 10 years ago, a few years after the Spanish were forced to open the land border by the EU commission.
At that time already several thousand spaniards were crossing he border daily, driving legally across the airport landing strip which has traffic lights, to work in Gibraltar. I bet if you asked those workers which lived in Spain, but paid no income taxes in Gibraltar, if they wanted it to be part of Spain; they would not say “Si”.
Gibraltar is protectorate of the UK, meaning Gib gets it’s defense for free.
as do e.g. the Cayman Islands. UK extracts no taxes from Gib. Gib has an economy that is doing very well, as many of the other protectorates, e.g. Bermuda, Jersey, Guernsey, etc., all of which are off-shore banking centers. The economies are all very stable, because the taxation rate internally is low, because they don’t have to spend money on defense except for anti-smuggling. I am sure the Spanish workers in Gib smuggle goods into Spain and not vice versa because the VAT tax in Spain is crippling.
I was in England over Christmas for over a month. I di n’t see any anti-Israel and anti-zionist comments in the regular press. You have to realize there is total freedom of speech in England, and there are a lot of crazy people with total freedom of speech, and weak slander laws. I’d love to see an example of your anti-jew newspaper reports, just to see what lunatic fringe it claim from…..perhaps you could find some examples for me.
Hi James B,
Send your telephone number to alkorelin@gmail.com and I will call you.
I agree with much of what you say.
I do not think; however, that Ron is anti-Semitic. Having never been to Gaza, I cannot comment with any authority on this subject.
The situation in the Middle East is such a bucket of worms that it is beyond my comprehension. Human nature being what it is, I simply don’t think there will ever be a lasting peace in that area for years and years to come and maybe never.
Best,
Big Al
James B, you mentioned “In all due respect to Ron Paul, has he disavowed the medical plan he has enjoyed ( I assume) since being in Washington?”
Yes, actually. He’s the only Congressperson to not be a part of the special Congressional medical plan.
Thank you sir. then Ron Paul has honor.
James B…..
you make some great points…..
I think some of the comments concerning Israel and Gaza strip….
are confusing to most people, if they are not a christian…
The main point that our govt. officals for the past several years have confused
the promised land,(to Israel) as it is called for in the bible.
The main point about the shared land…gaza strip, was never promised to
the Palistians…and has always been land belonging to Israel…land that
God promised, not the govt. Anyone not knowing or studing the bible would
be unaware of this promise, or promised land.
For those unbelievers, this is a problem, and will always be a problem,
lack of knowledge concerning this issue…which has been an issue for
over 2000 years.
I think the idea that Ron Paul has as a christian, is he understands that
Israel can take care of themselves and the US govt. have no business
trying to interfer with Gods already promise to Israel.
I do not think we have had a true christian president for many years,
or we have uneducated lazy christians which know half truths.
Appeasing Palistians for the benefit of oil is not a wise decision on the
United States govt., and Ron is merely saying hands off, they can take
care of themselves….they have a much bigger power than anything man made.
When Israel during the six day war, it(Israel) fought with approx. 100 million Arabs and kicked their asses, and ended up with the Gaza strip and the West bank and used these as a buffer zones because of their strategic importance to command the hights so in future conflicts to have the Palistians not be lobbing down missles down at Israel below. Its a security issue. Its interesting to note that when eg. a tank would run out of fuel or a weapon jam they(the Arabs) would throw up their hands so to speak, and say it was Allah will. Like some dumb Christians would do you know in connection with Romans 8:28 theology(and that Scripture is taken out of context). And the point about the 300lb. person doesn`t prove anything either when poor people don`t have enough food to eat, they will eat all kinds of junk food to fill them up, hence the look of weight. Well too long of a story. About Ron Paul. Got this off Ron`s site: http://www.dailypaul.com/214661/chris-matthews-censors-ron-paul….Feb. 17, 2012 it has the media just ignoring Ron Paul totally.
Thanks for the link Dennis.
I deplore the Western media. I would like to see Ron Paul more often so he can clarify his views.
vicious hit piece on ron paul from national review
Thanks James B,
Big Al
HI Dennis,
I enjoyed your comments, thank you.
Yes, the Israelis can seem to take care of themselves quite well.
Big Al
America must become a united place and begin to stand for truth and justice.
No question the US media is ignoring Ron Paul on the orders of the White House. As the WH tells them to ignore the PMs.
The rest of the world (ROW) has your American dollars but America has Americans how hate America. How did that happen?
I pray for America and hope that it will get its bearings on track. I loathe the Dems but I find the Republicans weak.
America is the world’s last hope for humanity. The rest of the world will fall to cannibalism within 18 months if the USA falls. Canadians live according to your graciousness.
Ron Paul suppression, PM suppression and Islam suppression. Islam is planning and waiting and doing horrible things to Christians, Hindus and Buddhists.
I am not a Christian but I find the willful suppression of the evil in Islam towards Christians to be awful.
I ask all people to pray for Christians in Muslim countries.
Great idea, James B,
Best,
Big Al
Hi Mr. In the Box,
Your point is very, very well taken.
Big Al
Written on sunday morning in the USA PST time. We are expecting major market-moving news on Monday when the USA markets are closed for holiday. We think the timing was on purpose to prevent markets’ upsets. Big bankers have been warned to expect an exit by Greece/default from the Euro Currency and Euroland consortium. They are trying to soften the blow but it could roil all markets very hard. Also the entire world remains open for electronic trading. Be very careful and control risk. WE WOULD NOT ATTEMPT TO TRADE THE NEXT TWO DAYS BUT RATHER HUNKER DOWN AND WATCH WHILE CONTROLLING RISK. IT MIGHT BE DELAYED BUT THIS IS A HIGH ALERT IN OUR VIEW- TRADERROG
Thanks for the potential Black Swan heads-up.
TraderRog’
I understand Greece leaving the currency; I don’t understand them leaving the EU union.
Why would they leave the union, that makes no sense and there are about 10 other countries in the EU, but not using the euro.
I could be all wrong of course, but here is why I agree with CFS on this one: Leaving the EU would complicate the financial support framework which Greece would absolutely insist on getting in exchange for relinquishing the Euro. The alternative would be a massive move by the IMF, or Germany finally paying massive WW2 reparations to Greece, both of which I feel are unlikely at this time.
While I’d certainly heed Roger’s most welcome advice to stay out of trades now, I would not put too much into the exact wording of the rumor unless it originated from London or Euro bankers – who tend to be a bit more informed than Wall St. about the difference between EU and Eurozone.
Just in case any of you are at the risk of boredom while not trading, here’s something free to read:
http://jessescrossroadscafe.blogspot.com/2012/02/free-kindle-edition-of-new-robber.html
I was in Greece just over 3 months ago. I don’t speak Greek, but after 6 years of classical greek (+latin+german+french+russian in High school, not all for 6 years) I can read some.
When I was there I did see a newspaper column complaining that half a million Macedonians and Bulgarians were taking Greek jobs.
I don’t know if that number is correct, but it would appear to me that if Greece dropped out of the EU then those living there on an EU passport, but not greek, would have problems.
There more I think about it, the more I think this would raise horrendous logistical problems for Greece, more just printing new money!
Thanks impeachemall,
I just downloaded it, printed it and will shortly read it.
Big Al
CFS,
seems as if Greek headlines have since shifted, see photograph here,
http://www.telegraph.co.uk/finance/financialcrisis/9087653/Just-as-Greece-complies-at-last-Europe-pulls-the-plug.html
I like to sometimes rate a government’s foreign policy by the ease of travel and level of hospitality the citizens can enjoy abroad. While Greeks may now be the target of ridicule in some countries, I would certainly discourage Mr. Schaeuble from visiting Greece anytime soon. Any desperate Greek taking him out would become a national hero.
Impeach,
There is a difference between young Greeks and older Greeks. The occupation of Greece by the Germans was not a very pleasant experience. Older Greeks, who had first hand experience of the Nazi occupation and even the next generation substantially hated germans. That is not true of younger Greeks.
I lived in Germany for 2.5 years a long time ago and because of fair hair and blue eyes was occasionally mistaken for being German, in Italy, Yugoslavia and Greece, and usually got looks of surprize when I answered back in German with an Oxford, England accent. I no longer speak German very well, and the English ask me if I’m american or canadian, while americans ask me if I’m english or Australian!
James B,
I have to say I agree with many of your comments.
I do not loathe all democrats; I simply find them mostly misguided, incompetent or stupid.
(Perhaps with the exception of the President; whom I find most intelligent and eloquent, but purely evil. I believe he is deliberately trying to change USA from a representative republic into a marxist state ruled by a dictator.
Marc,
You asked for comments on specific stocks…
ORKO: TA: 54% sell
EURASIAN: TA: 16% buy; most recent signal: weak sell February 4th
OREX: TA: 80% buy: most recent signal : buy October 2
Silver Crest: TA 48% buy; most recent signal: buy Dec 22
Aurcana: TA: 96% buy; most recent signal : very weak sell February 8, not supported by MACD.
General comments:
TA is indicating Platinum and silver will out-perform gold for next 3 weeks.
Energy stocks should out-perform other commodity stocks in short and intermediate term i.e. up to about second week of May.
Several commodity stocks are showing high levels of shorting: Most notably: ENB, AUY, NGD, HSE:CA, LUN:CA, LEG:CA. All of these stocks indicate probable rise in next few months due to short covering.
(AUY is showing very high d/dt of shorting. i.e. anomalously quick/sudden massive shorting.)
As far as I know I’m one of very few people that track rate of change of parameters.
In the case of AUY, this is a flag, which could mean several different things:
e.g. As yet unreported problems with an insider dump.
A large entity, such as a hedge fund doing a major effort to drive the price down.
I don’t know the real cause, just the fact there was quick large sorting flagged by my program.
Big Al, Sorry for longer post. I did want to point out to you the very large short position on Enbridge (over 30 million shares shorted) which I don’t own but know you do, but I will probably buy on Tuesday.
Thanks so much CFS – for your generous share of info..all the best.
Good to see Matthew still around! My condolences to the Coffin family also.
Marc
Thanks Marc,
David was one of the truly good guys.
Big Al
Thanks cfs,
Interesting signals re: Aurcana!
Best,
Big Al
Big Al;
AUNFF – Aurcana Corp (OTC)
Date Open High Low Last Change Volume % Change
02/17/12 0.8495 0.9000 0.8495 0.8800 +0.0340 340700 +4.02%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 – 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 – 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% – Buy
20-Day Average Volume – 633800
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 – 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% – Buy
50-Day Average Volume – 347116
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 – 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% – Buy
100-Day Average Volume – 337028
Overall Average: 96% – Buy
Price Support Pivot Point Resistance
0.8800 0.8260 0.8765 0.9270
But there are even better buy signals in energy stocks and ETFs.
XLE (I don’t own), DIG (I do own) and DVN (I do own) all have 100% buy TA.
cfs: Are you saying Aurcana is a buy? I agree, not only buy on technicals, but continue to accumulate even if it means cost average increase based on fundamentals. Caveat on that would be if Ag went down and stayed below $23/oz.
I am not in anyway an advisor, but Aurcana’s TA is middle and long time very favorable for buying. There was a semi-signal (RSI>70), not supported by MACD on Feb 8 indicating short-term sell.
http://stockcharts.com/h-sc/ui?s=aunff
I personally would buy with a 20% trailing stop-loss order, but I would not expect the stop order to activate.
Sad news: David Coffin of the Hard Rock Advisories newsletter died suddenly on Feb. 16, shortly after his fathers death. I am a very satisfied subscriber to the letter and extend my sincere condolences and best wishes to his brother Eric and the rest of his family. The Coffins are known in our sector for their high quality work and integrity.
Interesting blog by Lira: we might get a pullback when the Iran/Israel war starts.
Great buying opp.
http://gonzalolira.blogspot.com/2012/02/deflationary-undertow-before.html?utm_source=BP_recent
Thanks Bobby,
I also just downloaded and printed this. Will read shortly.
Big Al
Bobby,
Thanks for bring it up…I,too, caught that article and read it…very interesting.
Thank you,
Marc
The Media will not give Ron Paul equal opportunity for a reason which is best understood considering “Perceived” majority.
The vast majority of politicians, bankers, hedge fund managers and wealthy like Buffet are basically of Keynesian mindset where growth is expanded through debt based monetary policy. Nearly all politicians and those running this economy are of that mindset.
Regardless of fact that nearly everything the Fed and Washington has done to reduce unemployment, jump start economy and create growth has failed or at best remained stagnant, these people see no other option but to continue. These actions have created a state of the economy with what can best be described as “intended collateral damage”. Intended collateral damage caused by printing and spending without equal adjustments to impediments of growth such as excessive regulation and new laws (Obama-care), has created the loss and increasing stress to remaining private sector jobs, and now beginning to show up in lower tier sectors of government such as loss in city and county jobs. Real estate remains in duress and will continue.
The policies of Government, Banks, fund managers, corporations and vast majority of policy set decisions are planned under the Keynesian economic model, but these decisions have consequences which if done over and over without success must accept the collateral damage of job loss and economic turmoil, thus these results are acceptable “Intended consequences”. The Federal and some State Governments responded to problems caused by the fallout of acceptable collateral damage by imposing capital controls, financial repression, reductions of freedom, liberty and actions of policy akin to Police State in order to control those people who suffer the most from government policy.
The above explains why Ron Paul receives such high acclaim from the damaged people of our country, because instinctively and naturally they live their lives in Non-Keynesian economic fashion. They are not privy to receive free money from the Fed like a big bank, nor are they able to hire lobbyists to participate in government policy. While most do not understand fully the reasons for their plight, they actually have better understanding than the Power Elite in Washington who put them in this situation.
The legacy of Ron Paul will be legend, a man who might not be president but will attain supremacy like Benjamin Franklin or Martin Luther King. Ron is a Gandhi for the people, a groundswell of power which will grow for decades, and should he not make president his ideas, dreams and thoughts will carry more power than if he were to be president. So all those who support Ron have heart, because your hopes and dreams will actually have greater fulfillment without Ron being president than if he became one. Nevertheless, I still want Ron as president.
Being you are a Ron Paul fan, I am too check out: http://www.youtube.com/watch%3Fv%3DpngwcQQW5bA… Maddow: Proof Ron Paul Was Robbed in Maine – it seems widespread election fraud by the GOP and RNC in the states and nationally. Romney is a jerk.
Another Iowa Poll, the match-ups: Paul does best vs. Obama; then Santorum. Romney at link: http://blogs.desmoineregister.com/dmr/index.php/2012/02/19/iowa-poll-the-match-ups-pa…
If the US could develop a nuclear bomb in 1944 surely Iran has already done so and they aren’t saying. After all the Israelis have 200-400 nuclear weapons and they haven’t detonated any of them for testing and I’m not sure that America tested any before the Hiroshima bombing but they certainly did in the 1950’s. This is a big gamble to try and neutralize Iran now, very scary!
They tested one at Trinity, NM, of course.
Hi guys still talking of A-bombs, just a note my dad during WWII worked at Los Alamos he was in electrical engineering, had degrees at University of Chicago prior to WWII. BS & MS. In 1941 was 34 years old. My great grand father was a multi-millionaire industrialist in Chicago. My dads folks were real well off. His books were around the house so I would read them too. That explains my interest in atomic & nuclear. I have knowledge too. Can read just about anything scientific and understand it.
You guys are either much younger me (Yes, I’m an old fart) or have bad memories. You do remember Iran signed the non-proliferation agreement and received aid after doing so.
China is reporting Greek can kicked down the road….
http://news.xinhuanet.com/english/world/2012-02/19/c_122721396.htm
CFS,
You might be an “old fart” as YOU say – but a damn, generous and smart one! Remember, time stops for nobody…so it best to be happy and pleasant to others…good job!
All the best,
Marc
hey marc……..”time and tide wait for no man”…mary chestnut 1864 civil war quote concerning the conflict of the south made after Sherman ran thur Georgia and South Carolina,
just read that about a week ago…..thought that might help you
Thanks Jerry for the historical context! I was close:)……and, of course,…
…..all the best.
Marc
I always hope Will Shakespeare might have written this for me, if he could have lived long enough:
“Thou art the ruins of the noblest man
That ever lived in the tide of times. ” (Julius Caesar)
James B.
Ron Paul may have a hard time getting the republican nomination, but the issues he brings to the table go way past the ambition of his candidacy or the constitutionnal ambitions of an angry minority. Since the 1800`s, the british empire has realized that the country cannot be taken by force, it has been decided to bring it down by stealth. And so far, they`re winning. You can see the footprints of these efforts through the works of George Louis Beer as well as the Morgan-Rockefeller crew. You may take a look at the patriots revolt of upper and lower Canada yourself to see some of the same players insuring the preminence of the British Crown amongst all the people under the empire`s thumb. I would suggest Carroll Quigley as an author to read (Anglo-american empire, Tragedy and Hope) just for a start.
As for Ron Paul, I was a big supporter myself, went to his BBQ in Galveston, etc., etc. However, after a few macro-economic realities were analysed in view of his proposed 1.5 trillion dollar cut, mainly presented very succinctly by historian and economist Webstey T. Tarpley and in light ot the truth revealed by Bill Still, Ben Franklin and the Raw Materials Economics approach, I am of the opinion that the “haircut” proposed by Ron Paul will bring major social disorder to this country, opening the door for another puppet to take office and railroad the people.
I could go on all night, but just go see the wisdom and knowledge of Benjamin Franklin in his treatise “A modest inquiry into the nature and necessity of a paper currency” tied with the fact the Constitution only impose gold and silver on the states (not the federal gov.) and the economic LAW (not theory) presented by Raw Materials Economics and tell me we are not all in big trouble.
Major social disorder is assured, but Ron Paul’s plan would limit unrest by cutting unnecessary spending overseas far more than at home. Given his way, ridiculous regulations and taxes would be scrapped. The real economy would spring to life with a vibrance few can fathom, much less anticipate. People today hold little confidence in a free marketplace because, unbeknownst to them, they’ve never seen one.
Debt is not extinguished with more debt; yet this is the preferred path by both the sheeple and the vampires who own them. Democracy equals destruction when the masses who demand it have no idea what their “best interests” really are. Based on your first paragraph, it seems you should know that the destruction of the middle class is both the goal and the key to reshaping U.S. society in a manner more compatible with global governance.
In short, if Ron Paul’s plan promised the greatest pain, you can be sure that he would be helped by the same people who now oppose him. It would be a two-for-one deal. Not only would the desired desperation be achieved (and therefore dependence on the “saviors” in government), but the idea of freedom and individual responsibility would be thoroughly discredited in the minds of the still clueless masses.
Ben Franklin learned his lesson. http://en.wikipedia.org/wiki/Continental_currency#Continental_currency
“The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.” – Ludwig von Mises
America on Verge of Economic Collapse Because of Obama`s Cooked Reforts News Blaze 2/18/12 Chuck Ness 11:56:59PM by OneVike …http://www.freerepublic.com/focus/f-news/2848554/posts..
sorry spelling error – that`s ….Obama`s Cooked Reports
If I remember correctly Ben Franklin wrote that paper on Paper currency very early on when he was only about 20 years old. Probably 50 years before the War of Indepence was over. After living in France and learning of the mess paper money had made there, he had completely changed his mind and supported gold and silver, not paper.
@Matthew – The continental currency had no restraints on its issuance. Just as we have separation of powers as far as government goes (on paper, of course), they should be separation of powers concerning the currency. I hold that Franklin`s paper still holds true, as you may well know, the constitution was a series of compromises where the London bankers had much influence. Hamilton certainly plaid his role.
Question: Why do people still believe the constitution imposes gold and silver on the federal goverment when that restriction clearly only applies to the states forming the union?
As a point of curiosity for me, can you provide references so far as his full support of gold and silver?
I know I`m rocking the boat the the gold and silver bugs here, but let`s be frank, gold and silver will be confiscated by the governments if it ever makes it as a national currency again. Not sure I want to see the mess coming out of that, knowing the way people are willing to go to bat for that.
Human beings being what they are, there will never be lasting restraints on the issuance of paper money whether they’re stipulated or not. This is at the heart of the question: Why gold? But you miss the bigger point. Why have the people allowed the monopolization of money. In a free society, money has no counterparty. To force the use of one money over another (legal tender laws) is a totalitarian act. The markets should be allowed to function; its participants allowed to choose. Without a free market in money, all other freedoms are a sad delusion. Why have the people given the issuing power to a small group of private bankers and allowed them to charge interest on every dollar created? Only the treasury has the authority to create currency, and would do so interest-free!
Why have the people allowed the federal government to usurp states’ rights? The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people. You don’t seem to understand just how limited the power of the federal government is supposed to be. The question you should be asking is: Why do people still believe that the federal government can impose unconstitutional, debt-based money on the states?
If you understand markets, you know that most participants are wrong most of the time. Currently, most participants are still paperbugs. Remain one yourself at your own peril. At a minimum, gold will again be used for international settlements. This will probably be announced just before it is “discovered” that the U.S. has no gold in Ft. Knox.
Alan Greenspan (of all people) had it right when he said the following almost 50 years ago:
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
Missive,
Because gold and silver were the only currency in the US from acceptance of the Constitution until Lincoln took the US off metal and onto paper, because of the cost of te Civil War.
@Matthew – I see a gold standard as the last stronghold of the elite if their plans turn sour. They control it through all the holdings of the central banks, including China. Not the mention that a lot of these holdings are simply sitting in New York or London, very easy to confiscate.
As I`ve proclaimed at one the “end the Fed” rally: “Honest money is debt free money, debt free money is honest money!”
Not that this is connected to the above.
Bad news today regarding germany apparently drawing up plans to allow Greece (yes i’m fed up with the name too) to default.
If the Euro goes tits up because of this, whats going to happen to Gold & Silver in the short term, anybody kind to comment on that one.