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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
July 29, 2010
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"THE GREATEST PROPHET OFTHE FUTURE IS THE PAST"

   My neighborhood Chinese restaurant has a sign, "The Greatest Prophet Of The Future Is The Past."

Even your local bank, which probably doesn't have one thin 90 percent silver dime in its vault, looks to a customer's past before extending credit. 

   Most of today's bankers don't want to admit to thousands of years of history as gold and silver being the most stable "money" ever.   Gold is not fooled by the trillions of un-backed "dollars" created out of thin air at the Federal Reserve Bank.  The most stable money in history seems lost on them.  These certainly are not the bankers of much of our history who were suspicious of paper money that could not be converted to anything of value, not even a pencil.

   Yet, they believe a customer's past is a good indicator of the customer's future behavior. Otherwise, why are banks so obsessed about your credit past?   Gold and silver and thousands of years of their history are still "in the closet" to most of today's bankers who deal only in paper and computer images.  This arrangement could implode overnight in a national emergency or a war with someone our own size for a change.  The Federal Reserve has a history of its own.  The U.S. dollar, since the creation of the Federal Reserve Bank, has lost nearly all of its value. 

  I've never met a banker or credit union manager who has loaned money without checking out the financial record and history of the proposed borrower.  Some of them want to know seemingly every step that has brought a borrower to the point he or she wishes to borrow again.

  If you were a banker, and you looked at the history of the Federal Reserve Bank, what would you have to say? It has wrecked the dollar and our economy, and evidence of that is all around us.  Cheap and easy "credit" and "loosening of fiscal policy" have created the current mess we are in, not only as a government, but as individuals who also are buried under a mountain of paper debt.

  Too many requests for a credit card and a red flag goes up at the credit reporting agencies. But not at the Federal Reserve Bank.  It "lends" the federal government about anything it wants as high as the sky.   Too much debt, and bankers will avoid you as the plague, if you are an individual.  But not if you are the government.  Why the double standard.?  At what point does government lose its credit worthiness?  Ever?

  Nearly every lending institution pays for credit reporting services which gives the most minute details of a customer's monetary past.  But governments can keep raising "national debt" levels higher and higher and few people get alarmed.  Most don't seem to care...the ball game scores are more important.

  Could it be that many people, including some bankers, actually think the government and its central bankers can create real wealth by sheer desire?
   The mainstream news media, which basically is owned by the same entities that run Wall Street (check it out for yourself, most of the major media are Wall Street corporations) also does not want to seem to face up to gold and silver outlasting everything that was supposed to replace them.

   When Nixon slammed the gold window shut, he did not offend gold. He tried to "put it in the closet" and forget about it.

Gold has a history of haunting those who try to ignore it.   When Nixon believed the government no longer needed gold in our enlightened era of big government, gold was "valued" officially at $35 an once.  Today, after Nixon thought he put the cap on gold, the historic money metal trades around the world at over $1,100 an ounce.  Who won that one?
  I had a professor who said that real money must have several qualities, one is that it holds value.  The Federal Reserve notes do not hold their value. Someday, I predict, they will hold none.  My professor said that gold and silver can't be run off a printing press as paper/linen Federal Reserve notes, and that's why politicians hate gold and silver.

  History and tradition seem vitally important to bankers, the government, politicians and the major media until it comes to recognizing that gold and silver have lasted as money when all of the fiat currencies have eventually landed in the trash bin, or in some countries, as wallpaper.

  The handwriting is on the wall.  Almost anywhere you glance, this economic depression we have been put in can be seen in a poorer quality of life for tens of millions in the United States. I don't care if it's poorer service, shoddier goods, smaller packages, longer lines, hiring freezes, thousands of vacant factories, these policies out of Washington have failed most of us, except for the small number who keep getting "richer" through various schemes, often involving politicians.

  You can hardly touch on any single area of life or death without some federal involvement somewhere.

  The U.S. is slipping around the world as our federal government grows even bigger tentacles and wants even more.

  Our never-ending series of wars can't be sustained over time by this empire we can't afford and most of us don't' want.

  China has now outpaced us as the world's largest car maker, the world's largest energy user and next year, it is expected China will be the world's largest manufacturer.   What we seem good at exporting are troops, military weapons, debt and trade deficits.

  Only a couple of generations ago our students were taught that the United States helped to win two major wars due to our "factory floor."  The biggest factory floor will be in China soon, if it isn't already.
   Is this what we have accomplished with the largest government debt and deficits in the history of the world?

   Our government we once bragged gave us "freedom" is proposing laws and rules that the Hitler regime would have never imagined placing its own people under.  Now, travelers in major airports will be seen nude by scanners.  All because our imperialists want to involve us in wars all over the world for reasons they can't truly explain to us.

   Our empire....we don't call it that...has been financed largely by "funny money."  Other nations are finally starting to see the game of music chairs can't go on forever. At some point, victims get suspicious that something is not quite right.  Smart victims usually don't quit the game all at once, if they still have something riding, but try to gracefully slide out the exists.  This is one of the reasons for world-wide interest in precious metals.  You don't need to speak English to know that something is terribly wrong in Washington and the largess can't go on forever on "borrowed" fake money.

   What do we do?  As the Chinese saying at the top of this article suggests....look at history.  Fiat money has always crashed, and brought down the nations that created it.   Let's stop doing what has NOT WORKED AND NEVER WILL WORK LONG-TERM.

  Some of those we have brought along for the ride, such as Red China, are getting very suspicious how we can keep shipping them paper and we keep getting "things" from them for it.  They worry about the future value of the Federal Reserve Bank notes.  What people as Jim Cook told you about 30 years ago is now in the news every day.

  If the Federal Reserve Bank was anything but the official enabler of the Congress of the United States, it would have been shut down long ago on a number of counts.   As other enablers in our personal lives, we will see that those who aided and abetted our self-destruction as a nation and a society are just as guilty as those who took the bait.