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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

 
Commentary Of The Month
March 17, 2016
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PEAK DEBT

By Henry Hewitt

For most of the last 2,500 years, since Croesus brought coinage to the world, paper money has been considered a temporary, even flaky, alternative to gold and silver. If you are an investor, this may be the time to ask: Have we really moved on from the ‘barbarous relic’? Can paper money keep its value when all the central bankers and planners in the world are intent upon printing as much of it as they possibly can?

Driven by animal spirits that have always taken markets to new heights, another summit has been reached – peak debt. From the pages of The New York Times we read: “Beneath the surface of the global financial system lurks a multi-trillion-dollar problem that could sap the strength of large economies for years to come.” One sure way to know that the world’s economy is in a pickle is the arrival of low or negative rates of interest.

Even if the thought of buying or owning gold is sacrilege to your ears, and you just cannot bring yourself to do it, you ought to be asking yourself if more paper money makes sense. How much faith do you have in paper money? How much faith do you have in central banks? How much faith do you have in the fiscal probity of the government?