Face it...if you have a pulse, you understand that as a nation (a) we're broke, and (b) while our professional politicians take care of #1 they are doing a HUGE #2 upon everyone else.
So, Benny of the Fed would have us understand that "gold is not money" but prettily-engraved bits of paper from a private bank are?
I sure wish Ron Paul would have agreed with him and retorted: Righty-oh laddy buck! It's BETTER than money!
Completely ignored is our Treasury that mints both gold and silver coins as money, but let's save that for another day.
- Better have an insurance policy against the incompetence of our politicians, the hard math of our situation, and the coming collapse of all those Uncle Sammy IOU's. Bond holders are going to take a 'haircut' just as surely as holders of US Dollar Federal Reserve Notes already are.
Wednesday, 27 July 2011
Not money...BETTER...............from Rico
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