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?


  1. 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.

  2. PS,
    Your friend Jesse had a killer post up today on Deflation fears so pass along my thanks should you talk to him.

  3. 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.

  4. Dave,
    sounds like the right idea. Is that Supermax prison in Colorado, the one built into a mountain? Now there's a vault!

  5. 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.