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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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Condensed Articles

APRIL 18, 2014

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FUNNY MONEY
By Mark J. Lundeen

(condensed)

Valuing gold, silver and anything else in U.S. dollars may become a futile exercise should current trends in debt and monetary policy continue.  If history is any guide we should be seeing some strange concepts coming from economists to keep the dollar from derailing off of its inflationary tracks. Paul Krugman, Nobel Prize winning economist from Princeton University floated the idea of minting an ounce of platinum into a trillion dollar coin as a means of circumventing the debt limit.   Taking $1500 in platinum and leveraging it into a trillion dollars of purchasing power at the U.S. mint would certainly be an audacious move in modern “monetary policy.”

You may laugh at this idea, but when Doctor Bernanke, President Obama or the big spenders in Congress first heard Doctor Krugman’s idea, were they shocked or were they intrigued by its possibilities in bypassing the debt limit?  I expect they liked the idea – a lot, and also contemplated other possibilities a trillion dollar platinum coin could provide to their fiscal and monetary “policy.”  After all, the dollar may be the global reserve currency, but they control it so who is there to stop them from doing whatever they want?  The only check on the expansion of U.S. Currency in Circulation is their fear of whether or not the world will continue to accept the dollar for payment in the global market place.  With the current crew in charge of managing the dollar, the day is soon coming when it will fail as a global economic unit of payment.  At that point how many dollars your gold or silver is worth will become a moot point.  All anyone will care about is how much weight in metal you have.