Bullets
The Euro crisis wasn't really a crisis? Just a problem blown into a crisis? "The Treasury was able to unload a lot of debt thanks to “the Greek crisis,” which the New York banksters and hedge funds multiplied into 'the euro crisis.' The financial press served as a financing arm for the US Treasury by creating panic about European debt and the euro. Central banks and individuals who had taken refuge from the dollar in euros were panicked out of their euros, and they rushed into dollars by purchasing US Treasury debt. * * * * * * * Those aren't the words off a far-right nut. They're from Paul Craig Roberts. * * * * * * * I keep reading more and more articles that say gold is good in deflation (sample). Marc Faber says that, if Prechter predictions of 90% declines come true, cash won't hold value either, despite conventional thinking (Faber: "you have to think real hard about deflation"), and the folks at Zero Hedge say that, in deflation, gold will be the tallest pygmy. I suspect they're right, but something always gnaws at me that says the precious metals industry is trying to create its own bubble so they profit enormously. I don't know. * * * * * * * Remember FDR and the confiscation of gold in 1933? Me neither, but I've read about. On Sunday, though, I read something new: each person was allowed to keep five ounces of gold. So I guess if another such executive order came down the pike today (if the dollar collapses and everyone accepts only gold as a means of exchange, the government will need it to fund their wars and welfare), maybe the FDRophiles will mimic they great tyrant and allow us to keep five ounces each. Spread among my children, I could keep 45 ounces. If only I owned anywhere near 45 ounces. * * * * * * * "The Fed chairman appears to think he is a media personality" and "The bills are coming in from the Great Society" and other comments from a CEO in the Trenches.
