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Jim Cook



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 Richard Russell
August 31, 2010
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To my mind, the biggest fraud of the last fifty years has been the rise and acceptance of fiat "money." For that reason, I expect fiat money to meet its end before this bear market breathes its last. Judging by the size of the top, this could be the biggest bear market since the '30s. I believe this bear market means to take us back to basics and truth. That alone implies the end of central bank-created money and the rise of gold and probably silver. It may also end that immoral inflation machine, the Federal Reserve. Wall Street and its bankers now run the nation. That too will end.

As for Obama and his cohorts, they'll be caste out of office as they should be. Obama is anti-capitalist from his head to his toes. This nation was founded on free enterprise. Obama doesn't know the meaning of the word. As for Congress, they're clueless. They're going along with Obama the way they went along with Bush Jr. as they turned over to Bush the capability of starting a war on his own.

I was disgusted with Congress then (and I said so), and I'm disgusted with Congress now.

Here's a question I've asked myself. Back in 1971 when France wanted gold to settle its account with the US, why did Nixon shut the gold window? Why did Nixon want to keep our gold? If the Fed can manufacture junk and call it money, why didn't Nixon insist that France accept dollars? Why did Nixon want to hang on to our gold, if the dollar was considered (at the time) "as good as gold?"

The history of money in the US is a legend of lies, manipulation, immorality and greed. I think this bear market will end those lies, one way or another.

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