Investment Rarities Incorporated
History |  Q & A  |  Endorsements  |  Portfolios  | Flatware | Gold Coins  |  Silver Coins  |  Contact |  Home

Products

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.

..Read More »

The Best of Jim Cook Archive

 
Best of William Histed
March 22, 2011
archive print

HAVE POLITICIANS' NATURE CHANGED?
NEED I SAY MORE?

An old Chinese proverb has it that the best view of the future is to look at the past.  Occasionally, behavior is changed,but most of the time you can bet on it repeating.  Employers know this, bankers know this, teachers know this and often, spouses know this.

Take inflation.  What has changed that would halt inflation in this country?  The debts, deficits, and funny money creating are at record levels. We are about to lose our status as having the world's reserve currency.  Our lenders know what we are doing and know they are going to be paid back in cheaper currency. The U.S. had a great thing going since the end of World War II and we abused our privilege.

This dishonesty is in both major political parties. We have one party that wants to use gradually destroying our currency to finance its social adventures; another party that thinks we need hundreds of foreign military bases around the world. That party never sees these trip wires in some 100 nations as another big government program.  Each party blasts the other party, but can never see its own sins when it comes to big government.  Self-discipline almost does not exist in Washington, with each major party pointing its finger at the other political party.
                              
THE TREND HAS GONE ON FOR GENERATIONS---NOTHING HAS CHANGED

 I just received my copy of the March edition of "Reminisce Magazine." I wanted to give a few excerpts. I cite my source because it is credible. The magazine is copyrighted, but generally is held for very brief review purposes with credit given as to source, there is no problem.  In fact, if you want to see how society has changed over the years, including prices, I suggest you subscribe to it.

---A writer on Page 18 tells of the first date with her husband in 1949, they went to a little restaurant in Columbus, Nebraska, and they both ate for 25 cents total.  The price included two hamburgers, two soft drinks and a bag of chips.

---Documents show a new Chevrolet in 1920 was $600.  A person's electric bill in 1957 for two months of electricity from Niagara Mohawk Power Company was $5.58.

My father was a fireman on the Pennsylvania Railroad, starting at $3.30 per day---not per hour!  And he had money to buy a new car! That was in the late 1930s.

 My mother recalls double scoop ice cream cones for 5 cents, soft drinks for 5 cents, and hamburgers for 10 cents.

What has the government, and its privately owned central bankers, done to our money?
I easily remember in the 1960s walking or riding my bicycle to the grocery store to pick up items for my mother and seeing fresh ground hamburger, 25 cents a pound, a half gallon of milk for 25 cents and boxes of cereal for 29 cents.

The A and P Store in the next town over was a stopping point when the family took a ride and I remember Ann Page whole pies for 29 cents.  This is all well within the lifetime of one person.

But remember, in the above times I cite, what was circulating were 90 percent silver coins, dollars still convertible to gold and there was not the massive increase in the money supply as we have seen in the past decades.

Sometimes, people ask me, "Do you think inflation will get bad?  Get bad?  In many cases, inflation has been cleverly disguised in the form of cheap labor in overseas factories, illegal immigration that helps hold down labor costs, smaller packaging of food and other items and the cheapening of the quality of many products.

Expect more of the same inflation as we have had in the lives of people now living.  I haven't seen one thing that makes me think anything has changed.  In fact, things could easily get much worse due to awakening nations demanding more and more natural resources and the fact our lenders are more suspicious of Federal Reserve Bank "funny money" than ever before.