The shear amount of information uncovered is staggering. Hopefully it will keep your interest.
Let me warm up here with a couple of interesting quotes.
"Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium." Murray N. Rothbard
Why Gold and Why Now?
"If you don't trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000 - $5,000, cutting it up, turning it into pulp and then paper, putting some ink on it and then calling it one billion dollars?" Kenneth J. Gerbino
Ever wonder why banks and governments like a paper currency system? Why they fully embraced the Keynesian theory of deficit spending?
"He who has the gold, makes the rules" ~Lyndon Forman
First it was millions, then billions and now trillions of dollars. The mind just becomes numb looking at all those zeros.
I heard an analogy the other day by Gerald Celente regarding just how much a trillion dollars is.
Gerald said. "If you were to spend One Million dollars a day, a day, since the time that Christ was born until today, you still would not have spent a trillion dollars."
So I did the math, and you know what? He was right. In fact you would not have spent 3/4 of a trillion dollars. Yet the Washington elite have decided they can do it in less than a year.
Why do I bring this up? My biggest fear that comes from this crises are the solutions put forth by Washington. I fear that in order to save Capitalism they will destroy the currency, and all those benefits that come from being the world’s reserve currency.
No good news, No happy days are here again, No bottom in the housing market.
Leg Two Down
After that little head fake of an uptick in sales for March the RE market is resuming its downward trend. Those that still listen to the screaming heads of CNBC and FAUX news bought into this garbage journalism and unfortunately are going to pay dearly.
The housing crash that began with the subprime collapse in the summer of 2007 is set to resume this summer ... only this time .... higher up the food chain.
Even while the media was touting a bottom in housing as evidence by the uptick in sales, foreclosures were setting new records in March and April.
April was the second straight month with more than 300,000 households receiving a foreclosure filing, as the number of borrowers with mortgage troubles failed to abate.
I am an economic populist. What does that mean? According to Wiki that means
a member of a United States political party formed in 1891 primarily to represent agrarian interests and to advocate the free coinage of silver and government control of monopolies.
a believer in the rights, wisdom, or virtues of the common people
The year 1891 was a long time ago are there really any Populist party members still around? Most likely no, and any politician who espouses populist rhetoric is instantly shouted down in the media by the opposition and even their own political party.
The banks cannot help themselves and unfortunately Congress is listening to the banking lobby. Every "new idea" to turn around this economy seems to start out with good intentions and then the banks get involved. Despite the best efforts of some ... the greed is too great.
[..]on Apr. 18, 2007, behind closed doors in an ornate hearing room in the marble-faced Dirksen Senate Office Building. Dodd told them they needed to get out in front of the foreclosure fiasco by adjusting loan terms so borrowers would continue to make some payments, rather than stopping altogether.
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