Tuesday, December 6th, 2016 MST

Which way for gold?

Gold may be due for a “correction,” but long-term investors should hold their gold (and silver) positions. Two recognized experts offer their opinions on gold and silver.

The Sound Money Promotion Act

mckinley hobart sound money buttonOver the last 100 years, Americans have completely lost control of their Constitutional money; to the point where they must pay a tax to essentially make change. Imagine breaking a twenty dollar bill and only getting a ten and a five back, with the other five going to the government. This is the potential problem one encounters when attempting to spend gold or silver money. It’s no accident. The laws are specifically set up to force everyone to use fiat currencies.

Ron Paul calls for fedgov to cancel $1.6 billion debt held by Fed

Congressman and presidential candidate Ron Paul recently introduced legislation calling for the federal government to cancel the $1.6 trillion debt held by the Federal Reserve. Such a move creates legal challenges, one of which would be that the Fed would openly acknowledge that it is a private entity and that fedgov has no authority confiscate its assets. (Fedgov had no “authority” to call in gold in 1933, but legal tests to that stood up.)

Gold as a means of accounting

If you’ve paid any attention to the inflation vs. deflation debate you’ve noticed that it is fairly convoluted. I’ve read the arguments in great detail and have come to the conclusion that it’s mostly a problem of semantics. Strictly speaking, deflation is a decrease in the supply of money and credit. As bad loans are written off, the supply of credit, which represents the lion’s share of the money supply, decreases.

Gold is a port in the debt storm

Clearly a reckless Federal government is good for gold – or more accurately, our collective can kickers in Washington DC are very bad for the dollar.  Contrary to the disinformation campaign of Wall Street, and their Federal Reserve sponsored economists, gold is not a bubble. Central banks are now net buyers of gold, and not because of tradition, as Mr. Bernanke would have you believe.

The Great Depression that wasn’t: 1920 – 1921

At the end of World War I, the American economy faced the enormous task of retooling for peacetime. No longer needed were the factories used to support the war effort, or the giant agricultural exports to a Europe that couldn’t grow its own food. The process of shuttering excess war capacity, and its associated layoffs, produced a huge contraction in economic output.

Another Great Depression already here?

Perhaps the most prevalent mental images of the Great Depression of the 1930s are the photos of the soup lines and breadlines where the “down and out,” those with absolutely no hope, stood waiting meals. Today, however, soup lines are a thing of the past, and they will not be evidence of just how bad the economy is.

Democrats becoming “Blue Republicans” to support Ron Paul in 2012

One of Gerald Celente’s predictions has been for the rise of a “progressive libertarian” movement in the United States; wherein members of both the left and the right, who have been abandoned by Washington DC, join forces. Robin Koerner, a Democrat, and Obama voter in 2008, has written a superb piece for the Huffington Post, which seems to have struck a chord with alienated Democrats. He has put forth a particularly convincing argument that, Democrats who truly believe in the cause of peace and personal liberty, are compelled to vote for Ron Paul in 2012.

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