Tuesday, December 8, 2009

Obama To Banana Ben: Fire Up The Printing Press

Obama in his speech today, in effect, has called for a new stimulus program that could be enititled "The Cash for Everything Program:"
President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to "spend our way out of this recession" until more Americans are back at work...Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks for small businesses and tax incentives to encourage people to make their homes more energy efficient  Article Link
The message is clear, simple and loud:   The Government will continue debasing the U.S. dollar by printing as much money as it takes to try and create jobs.  The hidden message is that our economy is in deep doo-doo.

That same message from Obama is a message to exchange as much of your cash reserves and retirement investments as possible for physical gold and silver.  As per my commentary earlier, physical gold and silver is getting scarce.


  1. Get a load of this:


  2. Nice find Edwardo. Jim Bunning summed it up the best when he stated to Bernanke that the Fed truly had become the Creature from Jekyll Island.

  3. Edwardo,
    I included your hat tip tonight. Just unreal what is going on in plain site.

    found your gold coin take the post before very interesting.

  4. Your masthead quote tells the whole story. Why people cannot understand the ultimate destiny of a pure fiat currency is zero is beyond me.

    With Gold/Silver its inverse, it is the obvious goto investment. However, tangible-life-goods will be the new wealth in the coming calorie-barter-based economy.

    Joe M.