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April 1, 2011 ~ More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined.
If you want to understand better why so many states–from New York to Wisconsin to California–are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). Continue reading
What you know you cant explain, but you feel it. You’ve felt it your entire life. Theres something wrong with the world. You dont know what it is, but its there, like a splinter in you mind, driving you mad. ~ Morpheus
October 19th, 2010 ~ By the time you finish reading this article, you may discover that you have many more questions than answers. When I decided to write this article, my objective was not to provide answers but rather to demonstrate to you that many presupposed airtight beliefs may actually be littered with holes. Rather than to provide answers that may bring curiosity to a halt with the end of this article, my objective is to have inserted many more splinters in your mind that drive you to seek more answers, to question the beliefs you already question, and to validate the truths you already know. Continue reading
“If you needed cooking oil, you had to exchange gold, if you needed soap, you have to trade it for gold, if you needed grain, you had to have gold. It was 0.1 grams of gold for a loaf of bread, 0.1 grams of gold for a tin of grain, they only accepted gold. Without 0.3 grams of gold a day you would not survive. Without gold you would have died.” ~ Sam Chakaipa
There are times that we find the need to roll back the clock a bit – and REMIND readers of the REAL purpose for owning previous metals. ~ Ed.
November 6, 2019 ~ While physical gold is a well-known safe haven asset which investors flock to in times of market turbulence as a way of protecting their wealth, gold is also the ultimate asset to own and possess in times of crisis and emergency. These crisis situations can range from episodes in which fiat currencies collapse, to times in which gold buys safe passage across international borders, and even to periods in which only gold can bail out and rescue an entire nation. Sometimes gold even ensures self-survival and can literally be the difference between life and death. Continue…
Originally published on July 27, 2012
Don’t ever listen to your employees – just spend their retirement into oblivion! ~ Ed.
May 17, 2012 ~ A toothpaste factory had a problem: it sometimes shipped empty boxes without the tube inside. This was due to the way the production line was set up, and people with experience in designing production lines will tell you how difficult it is to have everything happen with timings so precise that every single unit coming out of it is perfect 100% of the time. Small variations in the environment (which can’t be controlled in a cost-effective fashion) mean you must have quality-assurance checks smartly distributed across the line so that customers all the way down to the supermarket don’t get pissed off and buy another product instead. Continue reading
February 20, 2012 ~ We are coming to the point in the United States when even the US government will no longer be able to borrow at very low long-term rates. That point is a few years off, and we have time to change paths; but as I have shown in previous letters, the longer we wait to get the deficit under control, the fewer choices we have and the more painful they are. NO country can run deficits the size we are currently running, along with unfunded deficits over four times the size of the economy and a growing overall debt burden, without consequences. At some point, investors in bonds will start wondering exactly what the process is by which they will be repaid. And what will the value of those future payments be? Continue reading
I follow the price of gold by looking at the gold graph presented daily by www.kitco.com.
The commentary section of Kitco is mostly made up of inane comments regarding the evolution of the price of gold. Clearly, Kitco is deathly afraid of posting any realistic appraisal of the movements in gold’s price.
Actually, there is no reason at all to read Kitco’s comments, for the gold graphs speak all too clearly of what is going on: the price of gold is under strict control by The Powers That Be, because a surging price of gold would announce the imminent collapse of the value of the US Dollar. Continue reading