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QE2 Is Just Around The CornerBy
By: Elizabeth Kraus
While wiping his desk lamp the other day, a genie appeared, offering Allen S. Blinder (a professor of economics and public affairs at Princeton University and vice chairman of the Promontory Interfinancial Network, and a former vice chairman of the Federal Reserve Board,) you guessed it — three wishes. He first asked him to restore his portfolio to its former glory. But the Genie demurred: “No, I only grant wishes for the national economy. And, I only do things that real policy makers can do — no magic for this genie. But think big. We’re in a mess.”
So trying to think big, Allen applied the Murphy’s Law of economic to try to figure out his policy makers, and learned: “Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least and disagree most vehemently”.
Wondering how an economist becomes and economist when applying for the same job as an accountant or a mathematician, I listened in to an interview with all three:
Thinking the Mathematician is the smartest; the Interviewer called him in first and asked “What do two plus two equal?” The Mathematician replied “Four.” The Interviewer asked, “Four, exactly?” The Mathematician looked at her incredulously and said, “Yes, four, exactly.” Then she called in the Accountant and asks the same question “What do two plus two equal?” The Accountant said “On average, four – give or take ten percent, but on average, four.” Then she called in the Economist and posed the same question “What do two plus two equal?” The Economist got up, locked the door, closed the shade, sat down next to the Interviewer, and whispered “What do you want it to equal?”
And that’s the mess today… Order versus confusion—where chaos meets its match.
Breaking news! The Result Of The G20 Talks Is… The Dollar Is Tanking, And Gold Is Rallying
But of course I didn’t tell you to sit tight, did I? Here’s the euro surging against the dollar and Gold, meanwhile, is back up to $1333. Early Friday morning it was as low as $1314. This should be an obvious indicator that my prediction is sound, but to those in doubt, it must be amusing nonetheless…So, yep, it’s just all part of the plan. Thumbs up for Gold, and it will not be thumbs down for several years…
Right now, before our very eyes, Ben Bernanke is getting out of the Central Banking business, and getting into the United Socialist States of America(USSA) Central Planning business, with Obama! Obamacare has only just gotten started. You ain’t seen nothing yet.
The Federal Reserve(a.k.a. the Central Bank), manipulates our currency, and all our lives and tries to make us believe that inflation is good, and that deflation is unnatural and bad. The people of Japan didn’t fall for it. I salute them. The people of Japan said no to the cycle of debt Ponzi scheme by putting their wallets and credit cards in their pockets and not taking them out for anything other than necessities and buying Gold. One thing a Central Bank can’t really control is deflation. Deflation makes these control freaks, freak out.
I suppose we could do the same. But I think… excuse me, I know, we should abolish the privately owned Federal Reserve central bank that can ‘counterfeit’ money, and in its place, give our monetary system sound backing, with something that cannot be printed out of thin air, like Gold.
Because according to the Constitution of the United States of America, the currency is supposed to be in control of the people, and not a private bank taking you down on a ride to homelessness. That would put an end to the cycle of debt Ponzi scheme, which promotes corruption and greed, and discourages individual liberty. Or we can become the USSA and go the way of the USSR. You know what the USSR had? Their monetary system consisted of a fiat currency distributed by… Central Planning. Then, you’d get to go over to the centrally planned 5 hour long line to wait for milk and a loaf of bread. We need sound reality backed for the people and by the people to control their lives without fear. This is why I say, I told you so…
Now, I want you to get it. “It’s not that Gold is going to be more valuable than it has been, Gold will just remain stable ( while becoming more in demand) while all the paper promises called dollars, equities and bonds will go the way they always have through history, closer and closer to the value of the paper, the criminals running Wall street, the corporations and the state/Fed’s spending, you can best believe that a lot of that paper is already worthless and you just don’t know it. As the game comes closer to an end, I’d rather have something that has held value for 5000 years, than all the paper promises and snake oil Wall Street or banks are saying.”
Funny, there are such gold bashers, having no idea of the value of money and the purpose of gold in life, that their reality of money is a medium of exchange right? Right! Money is a store of value right? Right.
Gold is a medium of exchange used for thousand of years before the U.S. and the Feds had an idea that the U.S. currency was gold and silver for a time. Why it had an allure and properties that no metal had, so everyone wanted it.
When you buy something you want something of value in return right? Right! When I sell something I want something of value in return. paper (fiat money) has no uses and no value, in fact it is an issuance of debt hence Fed reserve, NOTE, it is not backed buy anything but debt.
“Gold bashers can continue to buy government debt and stocks of companies who just trade debt around and worship the worthless dollar and it coins. But if you are smart, you stick with gold and silver that people want and will always want; it is a sign of wealth and a world currency,” says the Regal Asset Team….
I have interviewed with many, until I found the Regal Assets people, who genuinely care about your own survival…so I highly recommend them…you will not be disappointed, since I have doubled my assets in Gold, which has provided my livelihood to now, which it would have not, had I not listened to them…
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