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Jim Cook



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
November 17, 2009
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The Elephants Will Someday
Be Fighting Over Gold, Silver Supply

Ironies can be quite revealing.  Especially when one is pondering what real, historic, "can't run it off a printing press" money is.

What is essentially the true money wealth the world is missing in its great money temples, the banks.  I live close to what is commonly called "the number one tourist destination," Orlando, Florida.

As many cities, the dominant commercial buildings in downtown Orlando have big banking names on them.  Bank of America.  SunTrust. BBT, and others.  These are grand buildings that dominate what only a few generations ago was cow trails.  Yes, what an impressive site. It struck me recently when driving past these huge skyscraper banks that there is literally more gold and silver to be found at my local flea market dealer than in these huge banks in one of the fastest growing cities in the world.

I bet if I could legally tap into any of these bank vaults in the magnificent bank skyscrapers in Orlando I would not find a ounce or two of gold, or even a few 90 percent silver dimes in the vaults.  An exception might be if a banker kept a few old coins as conversation pieces or there is a framed coin or two on the wall in one of these bank offices. The fact of the matter is, all of these banks are broke, even if the bankers don't know it. Their only wealth in the banks is paper.  Some might argue some real estate and other articles held legally as collateral, but we've also seen how that works.

I would recommend a reputable dealer as Investment Rarities.  But I'll again say, I can find more gold and silver money....historic money since before my local flea market than I can find I am betting in all of the banks in Orlando.
My prediction?  In the lifetime of some men and women now living, you are going to see the real fight for gold and silver will again be between governments and their central banks, if they still exist then.  The retail side which has been the most visible aspect to most people, will be a tiny fraction of the movement when governments and central bankers begain stampeding into gold and silver.  In time, they will see the fiat money situation is about hopeless.
Already, India, China and other up and coming countries are focusing on REAL money, buying gold and silver.In time, the U.S. Federal Reserve "funny money" will become increasingly suspect by other nations and their banking houses.
Once again, governments are going to demand gold, and in time, silver.  It will happen.  This is where the big pressure will be put on the metals, as governments again will increasingly distrust each other's paper funny money.
China is already raising concerns about the long-term value of the trillions of Federal Reserve Bank paper money that has been created out of thin air. Big trouble is ahead.  And the U.S. owes the most.  We are now the world's largest debtor nation.  We did it to ourselves and it was warned about for years by the likes of James Cook and others.  It didn't just happen.  Stay tuned.