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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 16, 2012

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SILVER---MIRACLE METAL?

In a recent column, I noted my fascination with medicine and science early on in life.  Today, I am a newspaper editor in Florida. Sometimes I combine the two interests.
  
I love to read about the latest medical discoveries and I search out such articles.
  
I was astonished recently to find an article in newspapers in England.
  
Accredited medical researchers in England have concluded that silver may indeed be a "miracle" metal in treating cancer patients.
  
In fact, the researchers found that silver is likely more effective in treating cancer patients than the use of chemotherapy.
  
Silver for years has been used to treat burn patients.  If you are interested, many articles exist on the use of silver compounds in the treatment of severe burns.
   
But that is not all about silver and health.
  
Did you know that silver can also be used as a water purifier?
  
One researcher said he believes some of the medical secrets of silver are still to be discovered.
  
Other areas of science are baffled by silver.  Silver is a great conductor of energy and light.
                                     
INVESTORS BRING ABOUT MORE
  
Am I suggesting that buying silver may permit you to make money off of sick people?  Any of us could be the "next sick people."  No, I am not suggesting that.
  
But what I am suggesting is that buyers of silver help created the demand that drives more silver production.
  
Many people outside of Investment Rarities are predicting that we could face severe silver shortages in the future.  The reasons for this have been well stated elsewhere.
 
The explosive growth in "developing nations" will drive silver as well as other factors.
 
I remember as a boy in high school seeing the latest textbooks on China---we called it "Red China," back
then.  Almost without exception, photos of China showed people on bicycles and dealing with rickshaws.

I remember seeing photos of Peking in the 1960s---now the city is called Bejing.  And there wasn't a car in the picture.
 
So modern China is increasingly a consumer-driver nation. Be careful what you wish for is an old saying.
 
I have an advertising account at my newspaper who sells silver coins and small bars. He does not do high volume business as Investment Rarities, but I know this small dealer. I manage his advertising account.
  
He tells me one of his best customers who buys a few silver coins from him each month is the president of one of the local banks. This man is hedging his bets and my advertisers tells me the banker comes in to buy some silver every month.
  
I tell you this because some bankers I know tell me they understand our banking system is all paper and promises.
 
One bank president tells me he can get multi-millions of dollars from The Fed by a simple request.
  
Here in Florida where I live, more than a dozen banks have gone under in just the last few years.  In some cases, they had a shotgun wedding arranged by the FDIC with a stronger bank.
 
In my county alone, several banks have gone under.
 
The trend is not in favor of "funny money."
 
As a boy in the 1960s, Mom would send me to the store with a thin dime to buy a loaf of bread.  But that dime was 90 percent silver.  A "real" silver dime today will still buy you a loaf of bread based on its silver melt-down value.
  
What does a government junk clad dime buy you today?  Where I live, it takes 20 to 30 junk clad dimes to buy you a loaf of bread. 
 
The Federal Reserve Bank, in the long run, is not doing most United States taxpayers a favor. It has helped to impoverish us, fund no-win wars, fund wasteful and counterproductive social programs and has hurt our work ethic when people see how the deck is stacked.