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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
September 5, 2014
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CHEAP SILVER

By Bill Holter

In a world dominated by derivatives, all prices are illusion. If you don’t believe that statement, consider the following.  Silver is about $20 per ounce. This is cheaper than the price of silver in 1980, over 30 years ago.  So, is the world awash in silver? Is silver so abundant that we can pave the streets with it? Is this why silver is so cheap? Nope. Silver is cheap because silver is priced with futures contracts and it is the supply of silver futures contracts that floods the world.   Silver is scarcer than gold. 

Silver is scarcer than it was in 1900 when an ounce of silver was the daily wage of a banker or a lawyer.   A daily wage of an ounce of silver in 1900 meant you were rich. A daily wage of an ounce of silver today means you starve to death. So, what is wrong with this picture? Is silver scarce or is it plentiful?  The answer is silver is scarcer than it has ever been in the history of the world.   So, why is silver only $20 per ounce?  The answer is that $20 silver is an illusion that the monetary interests want to project to maintain the overvaluation of paper currency. 

Twenty dollars should buy a gram of silver, not a full ounce. This artificial buying power of dollars will end, and when it does, you better be holding metal, not paper. Buy silver or gold while you still can.  Both metals are silly cheap. That fact alone is a symptom of pending monetary system collapse.