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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 William Histed
February 11, 2010
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START PASSING DOWN YOUR
MOST VALUED ITEM NOW--YOUR BELIEF SYSTEM

Those of us who write in this space, or Jim Cook himself I can judge from his writings, do not believe the most important thing in life is precious metals.

The role of silver and gold in human relationships since almost the beginning of recorded history has been one of insurance.
 
 Nothing in life, including life itself, is guaranteed for the next minute. But gold and silver have stood at the door to what the central banks of the world have been doing now for centuries....creating a class of rulers whose main contribution is spending other people's earnings.
   
Gold and silver can easily be tested for fraud.  Government cannot increase them by mere edict the way paper money with no backing may be created to finance a roster of social programs and our never ending wars the U.S. has been involved in all over the planet.
 
As someone in the printing business, I can tell you how quickly a press can run.  And today, most of the Federal Reserve's manipulations are done with computer blips and that's even a faster route to mass manipulations.

There will never be a "perfect" economic system if for no other reason than many of us feel we are truly worth more than we are paid.  But gold and silver, as imperfect as they are, work to keep the rulers "honest," or about as honest as can be expected.   Rulers, even those we elect, would find it impossible to do to gold and silver what they have done to paper and computers.
             
                                   ONE SPARK AWAY FROM DISASTER
 
 
We are one spark away from an economic crisis and perhaps a world paper currency meltdown.  The greatest tragedies in history have been created by a bolt out of nowhere.
 
The space shuttle disaster of 24 years ago took place because of a faulty simple "O" ring.  That malfunction brought down tons and tons of metal from the sky.   One of the vehicles that brought about the tragedy of 9-11 were simple paper cutters.  They brought down huge ships out of the sky and caused the destruction of some of the largest buildings on earth.  When I owned a printing company in Morrow County, Ohio, a business a few miles south of me that made fireworks displays blew up an four workers were killed when a spark out of nowhere set off a chain reaction that lasted for mere seconds.

                                   

IT'S ALL ABOUT MANIPULATING BEHAVIOR

 One of the reasons you have witnessed virtual panic with all of the "stimulus packages," "bailouts," and "money supply increases" in recent times is because the class that basically rules "the system" is trying to keep its game of musical chairs going.  You take away their ability to create "money" out of thin air, and you have taken away their power to encroach upon the lives of people whose earnings they are cleverly snatching.
 
This class of money rulers and government rulers we currently have absolutely hates the idea of gold and silver ever again coming back as everyday money.  Why?  They can't create more of it by law or special edict.  Take away their magic wand to create (and water down) paper money and they are exposed and out of business.
 
The role of central banks in the world has been one of distorting reality.  But eventually reality catches up as it is doing now.  The paper bugs are holding out for just another inning.
  
The central bankers have been what in recent years we call "enablers."  They have been given a monopoly to create money and earn interest off of it by the government in exchange for financing said governments and their landscape of most wars that never had to have been fought and social programs that often have unintended consequences.
  
The horrific wars of the last century that killed tens of millions of innocent people could never have been fought without the enabling central bankers.  Is it more than coincidence even in the United States that shortly before the predicted World War One the Federal Reserve Bank happened upon the scene?  The timing was perfect.
 
And to my fellow conservative friends---if you think wars and huge military are cheap, look at the sick man of Europe---England, which one century ago was the most powerful nation in the world.  Paying for two huge wars in both "money" and the lives of young men and women cost England its empire.
 
Search the pages of history----almost without exception, empires were lost due to over-reach and trying to finance a huge military that often flowed over borders.
 
Benjamin Franklin remarked that Spain, itself once an empire, finally found out that the cost of keeping  military ships cost it its empire, that more was spent in foreign lands out than came back in. Sound familiar?
  
PASS IT DOWN NOW
 
 The most important duty you have to your family and friends is to pass along your belief system.  If you, as our nation's founders, distrust huge central governments and their central banker buds, talk to your children and grandchildren about it.  Yes, some of them may think you are a bit off the wall now, but 10 or 30 years from now, they will remember what you said.  And a bulb will light in their heads.
  
My one grandfather passed away almost 25 years ago, but I remember vividly some of the things he told me about his economic beliefs.  He had the wisdom of Warren Buffett, but his words were simpler.  He used to say, "The first of the month comes around very quickly when you owe money."  Translated---watch out for debt.  Or, he would say, "That is expensive sport."  Translated---Some thrills cost a lot of money.
 
This is why I tell you to pass down your beliefs, opinions, views and ideas to your children, grandchildren and even associates and friends.  Don't try to drill it into them---be calm as you tell them your beliefs and how you came about them.
 
 Many parents and grandparents spend more time worrying about how to dispose of their worldly goods than they spend trying to hand down the very things that propelled them through life.  Your beliefs and ideas often came at a hefty price with life's trials and errors.
 
I heard a speaker once tell his audience that each of us should write a letter to your family members and other loved ones to be given to them after your death.  Tell them what made you proud of them, tell them how much you love them, but also warn them kindly of any weak spots they may have that might give them further trouble if they are not careful.  Now that is real love.  Tell them what got you over the heartaches in life, how you worked hard and tried to put something back in the family and in life.
 
That speaker even suggested people make a recording for each of their loved one to be given to them after death. Why should that seem so unusual when this is a time that physical things are often passed on?
 
Why is it, that when most of us hear of "inheritance" we think of money, stocks, real estate or precious metals?
 
The most important thing you can hand down to your children, grandchildren and others of importance is not your physical wealth, but your belief system and notations about life.
 
 Start handing down this wealth today. 
 
And one other thought. If you want to teach your children about real historic money, on birthdays or on holidays or other special occasions, give them a silver eagle or small coin of historic precious metal.  Tell them to put it away and keep it.  Then, it 's up to them from there.  Explain to them why you are doing so.  Get them on the track to learning something they will probably never learn in high school or college.  Modern education is mostly tuned into the current ruling class, which right now is the paper money class.
 
 Most other gifts end up in the landfill in a few months or a few years.  Give today to the younger members of your family your beliefs.  That is the greatest thing you can give them.