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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 Jim Cook
May 22, 2012
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TIME TO RECONSIDER

We’ve had some large orders recently where clients sold out of the SLV – the exchange traded silver fund.  They used the proceeds to buy silver from us and store it at Brinks.  In that way they get bars that are not commingled and they get the exact serial numbers of their bars listed on the storage receipt.  Furthermore, it’s stored in the U.S. not in Britain.

Suppose we experience the worst of all economic worlds.  The British economy collapses, the pound deteriorates, the British government is desperate.  Here is this huge stockpile of silver that if temporarily expropriated could put some psychological floor under the pound.  Desperate governments will do desperate things.  For example, they could take the silver and pay later, much later.

There is no good way out for a world that spends recklessly and then creates new money to pay the bills.  You have to make the moves that protect you from government.  They’re going to come after your money and never forget it.  If half the population of Britain (the moochers) are burning and rioting don’t expect some guy on the 64th floor to return your call.  Get your silver into the U.S.