Tag Archives: store of value

Work is a wonderful thing

What would Mark Twain think of a society that devalues work?

The second book of three projected volumes of Mark Twain’s autobiography was published October 5, 2013. In his characteristic blend of humor and reprove, Twain wrote, “Any man who is satisfied to be fed by another man rather than by the honest sweat of his own brow should be shot.” Twain recollects, without exception, those he helped did not appreciate his help, never paid back money loaned, and did not change their debased behavior.

DOW, deception – and danger ahead

A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with.

For those who have been paying attention, the DOW has had over 50 new highs this year.  Sounds great, right?

Quantitative easing: dream and nightmare

A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with.

We have heard all the terms and all the phrases such as Quantitative Easing, or Monetizing Debt and just plain QE4 (or whatever number they are currently up to).  But how many people, even those in Congress, Wall Street and the banking industry, those who benefit the most from this destructive charade, understand just what it is and how it’s actually pulled off?

Bernanke sets up a crash

Ben_Bernanke

Don’t let that nice, comfortable grandfatherly look on Mr. Bernanke’s face fool you. He is as evil and destructive as George Soros and all the anti-American projects he funds. For those of us who have religious backgrounds the words “Father, forgive them for they know not what they do” can soften our hearts for those that have done wrong in an attempt to do right.

Fiscal Cliff: What Color Is Your Hang Glider?

A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with.

America will go over the fiscal cliff. Putative President Barack Hussein Obama decided that yesterday. He sent out a (literally) ridiculous plan that would be worse even than the “sequester.” This, after he shot back to Mitt Romney that “it won’t happen.” If Republicans have any courage at all, they will walk away from this. Let the “sequester” play out. In fact, in moral terms they may do nothing else.

Gold and silver: thumbs down on Obama

Gold coins. Will gold and silver coin replace paper money soon?

The gold, silver, and stock markets weighed Barack Obama in the balances this week and found him lacking. Even the cold, hard professionals now agree: Barack Obama destroys value. Only gold and silver can save it now.

Credit rating: another US downgrade

A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with.

A credit rating agency that no one notices, downgraded US treasury securities again. They had already downgraded American bonds to AA. The new rating is AA-, the lowest rating that the American public debt has ever carried.

Quantitative Easing: Theft!

A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with.

Ben Bernanke, head of the Federal Reserve, announced another round of “quantitative easing” yesterday. The Fed will buy $40 billion worth of mortgage-backed bonds every month, until further notice. When he said that, stocks and commodities (including oil and precious metals) both rose in price. Bonds, especially the longer-term bonds, went down, and their yields went up. This “quantitative easing” program will not and cannot add more wealth to the economy. Instead it will steal a lot of wealth, mainly from the poor and especially the middle class, for the temporary benefit of stock investors.

Gold and silver ready to rise?

Gold coins. Will gold and silver coin replace paper money soon?

Gold and silver sell today at bargain basement prices. Those prices have held for nearly a year. But now those prices might rise and not look back.

Credit rating downgrade for America

A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with.

America saw another downgrade on its credit rating last week. The White House ordered the press to keep quiet and they meekly obeyed. But that’s not the worst problem. If the Big Three follow through on the downgrade, prices of all commodities, including gold, silver, and oil, could rise sharply.