The Golden Truth: Must-Watch Video - The National Inflation Association's "The Dollar Bubble"

Tuesday, November 24, 2009

Must-Watch Video - The National Inflation Association's "The Dollar Bubble"

"There will be two social classes of American in the future: those who sell their U.S. dollars today and buy gold and silver and those who buy into the false hope of an economic recovery."

I suspect that there is a lot of factual information and news reports in this 30 minute documentary that most people who view this video have not seen. Some of the best footage is of Congressmen grilling Banana Ben Bernanke under oath and his obvious discomfort with the questions and, for those who know the facts, his obvious lies.

"Eventually this dollar is going to stop working and everybody is going to know what poverty is all about."

"Unfortunately, those who buy real estate this time around will get slaughtered."

Consider this video as yet another huge warning shot directed your false sense of well-being. And also consider that in Weimar Germany, over 80% of Germany's citizens clung to the false hope of their national currency and held onto the (Renten)mark until it was completely worthless by late 1923.

Presented by the National Inflation Association - NIA

"Those who cannot remember the past are condemned to repeat it." - George Santayana, poet and philospher.

Consider that during the course of this decade, gold and silver have both appreciated well over 450% against the U.S. dollar. This is without the benefit of perceived inflation and without most large institutions and small investors participating in the "stealth" bull market. Imagine what will happen to gold and silver when serious inflation hits the system, as a result of the catastrophically reckless fiscal and monetary policies being imposed upon us by the Federal Reserve and our Goverment....GOT GOLD?

5 comments:

EconomicDisconnectTuesday, 24 November, 2009
Dave,
HSBC says "get your metals out of our vaults!". A new angle of attack on metal holders? It is bad enough the FED is pushing any and all into high risk fiancial vehicles, now the banks are daring you to hold metals at home? Unreal.
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EconomicDisconnectTuesday, 24 November, 2009
PS,
Your friend Jesse had a killer post up today on Deflation fears so pass along my thanks should you talk to him.
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Dave in DenverTuesday, 24 November, 2009
gyc, will pass on your comment to Jesse. He doesn't want a comment section on his blog for whatever reason...

Actually, the HSBC thing will likely stimulate the formation of regionalized depositories. And actually, it's more cost-effective to keep your metal at a depository.

I know someone in Denver who is looking into opening one.
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EconomicDisconnectTuesday, 24 November, 2009
Dave,
sounds like the right idea. Is that Supermax prison in Colorado, the one built into a mountain? Now there's a vault!
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EdwardoWednesday, 25 November, 2009
The word is that at a recent Goldman Sachs function, those in attendance were asked where they thought gold would be in a few years-I forget exactly how many years, but it was less five or less- the average price that assembled estimated, average mind you, was $4,000 dollars an ounce. I'd say that's about right.

As for owning gold at home, lets face it, most people aren't candidates to own gold in large quantities and don't need to store it at a bank. A one hundred ounce gold brick can easily be concealed.
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Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.