The Golden Truth: Wow - This Is Timely:

Wednesday, February 23, 2011

Wow - This Is Timely:

Here's the link to the website: Atlas Shrugged

The trailer shows promise, but I'm sure Hollywood will screw up the true message of the book.

"Whenever destroyers appear among men, they start by destroying money (think: the Fed/U.S. Treasury), for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper (think: FDR 1933). This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist...Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims."

8 comments:

AnonymousWednesday, 23 February, 2011
released on tax day!
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Dave in DenverWednesday, 23 February, 2011
Isnt that beautiful?
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EconomicDisconnectWednesday, 23 February, 2011
I have to do my taxes this weekend, the wife is going to kill me as I "forgot" on Monday and have yet to tell her.
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Dave in DenverWednesday, 23 February, 2011
LOL. Dude, who wears the pants in your family? Besides, taxes aren't due until 4/15 and technically you have until 10/15 if you file the proper extension form.
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mabmanWednesday, 23 February, 2011
http://www.zerohedge.com/article/eric-sprott-there-no-more-silver-left

"There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."
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mabmanWednesday, 23 February, 2011
excellent site:

http://thehardrightedge.com/50-physical-silver-by-april-2011/
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Scottj88Thursday, 24 February, 2011
Nice blog, just stumbled upon it. I think we are talking about the same stuff :).

I notice you don't have any Ron Paul... why not??
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Visit my site when you get a chance,
http://thehardrightedge.com
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Scott J
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Dave in DenverThursday, 24 February, 2011
Hey Scott - thanks for the feedback. Will definitely visit your blog. Other than mocking Obama, I try to keep this blog apolitical. Obama turned out to be such an incompentent hypocrite that I have no choice other than to make a caricature out of him...
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Add comment

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.