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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of Bill Buckler
March 17, 2011
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So What Is Asia Doing?:

With the exception of Japan, which is trapped in an even bigger debt spiral than is the US, Asians are doing everything they can to “wean” themselves from dependence on a US Dollar centric global financial system. They have watched the “exit strategies” of the US Fed and the Treasury unfold for two years now - ever since Mr Bernanke’s first sighting of the “green shoots” in March 2009. They have seen that precisely NOTHING has been concretely done - except to make the situation MUCH worse.

China and the rest of the Asian exporting nations are slowly but inexorably moving away from the US as the major “buyer” for their exports. They are at the same time working hard on replacing the US Dollar in its role as the intermediary in financial transactions between themselves. They are raising interest rates. They are tightening reserve requirements. They are not trying to pretend that prices are not rising.

And they are encouraging their people, who in turn need less and less encouragement, to “diversify” their savings out of US Dollars. In fact, Asia is going further. They are encouraging their people to diversify out of ANY type of paper money and to buy Gold and Silver. Even with rising prices for everything from food to accommodation, Asians are listening and ACTING. Gold and Silver consumption is soaring.

 

 

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Ó 2009 – The Privateer

http://www.the-privateer.com

capt@the-privateer.com

(reproduced with permission)

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