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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
May 4, 2010
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Mr. Butler's belief that we could see silver way up there, even in the hundreds of dollars an ounce in the future may seem outlandish to some.

But in a way, we have seen a 15-20 times fold price increase in silver in our lifetimes.  What Mr. Butler believes is possible, has ALREADY happened.

Silver was $1-1.35 or so an ounce in yours and my lifetime.  Using $1 an ounce as a working figure, silver has already gone up about 20 fold since we were born. And silver seems to be staying there.

My small business has five or six silver and gold dealers as advertisers...I'm including a jeweler and two pawn shops that buy and sell.  They tell me they just can't get much silver off the public....it's just not coming in except for estates or very old people wanting to get rid of collections before they pass on.  We have already seen a 1,500 to 2,000 percent increase in silver prices in our lifetimes and it seems to be staying pretty well up there.  Even when silver was $12 an ounce or so a couple of years ago, you couldn't buy it for that around here, if you could find it retail.

Put this another way, take the $20 or so you must now pay for a silver eagle (if you can find one that cheaply) and take it times 15, the multiplier we have witnessed silver go up since our youth, and you are looking at $300.  At 20 times, that is $400 per ounce.  Such multipliers have already happened in one lifetime!---OURS!

Silver now, at $18 or so spot....that is not the retail price in a way to the general public.

The long about point I'm trying to make is things some people say will never happen or are impossible to happen, such as Mr. Butler's prediction of a huge multi-fold increase in silver prices HAS ALREADY HAPPENED!

It's like the "crash" some people are still waiting for....it's already happened.  I go back to my hometown area in Ohio, Jim....I'm saying about ALL of Ohio, and our economic "policies" have done to vacant our factories there what our enemies in the world wars never did to us.  The General Motors stamping plant in Ontario, Ohio, 7 miles from where I grew up, shut down in January.  Once, 4,000 people worked there.

It's funny how much of this "nut stuff" you and others predicted has happened and some people still can't see it has happened.

Poor Mr. Jerome Smith, whom you knew, whom some people feel died discredited.  When I go into the grocery stores and see packages that were once 1 pound now being 10 ounces or 12 ounces, and $1 candy bars that were once 5 cents, I think the "currency collapse" has already happened.  Some people will never see it or believe it unless dollars are thrown out in the streets, but basically, in our lifetimes, a dollar of our youth is worth about a nickle. Wouldn't you call that a collapse?

Preaching to the choir, I guess, but it is interesting to see that many "nutty" predictions of 40 or so years ago have come to pass. And some who doubted them then, still don't see then after the fact.