Das wird schlimm… Wirklich schlecht!
We haven’t had an extended bout of painful inflation like this since the days of the Carter administration, and our leaders in Washington have decided that the best way forward is to rapidly create even more inflation. They keep using words like “transitory” to describe the current inflation crisis, but then they turn right around and talk about the need to create, borrow and spend even more money. It is utter madness, but at this point there is nobody that is going to stop them. We are all passengers on a “highway to Weimar”, and those that have their hands on the wheel have gone completely nuts. Continue reading
Remarks in Congress: AN ASTOUNDING EXPOSURE
Since August 15, 1971, the US dollar has been completely severed from gold. President Richard Nixon suspended the most important component of the Bretton Woods system, which had been in effect since the end of World War II. Nixon announced that the US would no longer redeem dollars for gold for the last remaining entities that could – Foreign Governments. Gold redemption had been made illegal for everybody else, so this action finally ended any semblance of a gold standard for the US dollar. (
One of my best friends recently discovered, to his shock and dismay, that five one-ounce gold coins had been stolen from his home. I feel especially bad because I had encouraged him to buy some physical metal, giving him some tips and pointing him to the better dealers.
Just in case some of you young whippersnappers (& some older ones) didn’t know this. It’s easy to check out, if you don’t believe it. Be sure and show it to your family and friends. They need a little history lesson on what’s what and it doesn’t matter whether you are Democrat or Republican. Facts are Facts. 
