It’s Pearl Harbor Day. Fly your flag. Not in honor of FDR, who probably caused it to happen, or the Japs who did it, but to honor brave servicemen everywhere for their service.
You housewives love to bake wonderful cookies and cakes at this time of year, and we guys love to eat them! My wife has an OFR (old family recipe) for sugar cookies, and every once in a while she opens the yellowed cookbook her mom left her, (she was a home economics teacher in Minnesota), and concocts the most wonderful of dishes. Bonnie carefully measures out each ingredient, and it comes out perfect. Suppose a bride bought a new set of kitchen utensils, and the tablespoon or cup measure was bigger or smaller than the ones currently in use? Would her cooking turn out disastrously? Probably, and even if she tried it over and over again, carefully measuring the ingredients, it would still turn out poorly. Her measuring devices were in error.
Imagine going down a highway, and perfectly obeying the speed limit. You get pulled over by a state patrol, and you are charged with exceeding the speed limit. You protest vigorously, but it does no good. Either your speedometer measured your speed incorrectly, or the officer’s radar or speedometer was wrong. Guess which will win? Measuring devices in error, in other words. A carpenter is building a house, and everything turns out wrong. Why? His measuring tape was in meters rather than yards, and he didn’t realize it? Or his new tape was made in error, and all the calibrations were wrong? Measuring everything is extremely important. Without accurate measuring devices, industry and even cooking, would be in chaos.
There are all sorts of measuring devices. From scales, yardsticks, steel tapes, to volume indicators of gasoline gallons, quarts of oil, heights in stories, speedometers, volt-ohm meters, and the list is virtually endless. All the measurements in use are constant and invariable…almost anyway. If they varied, we would literally fall apart as a society, and even civilization. We must have accurate measuring devices, just in order that our civilization can continue. Anyone disagree?
We measure our wealth in DOLLARS. The dollar measuring device is shrinking daily in purchasing power or value. When I was a kid, and I am sure you’re tired of listening to this, a Coke was a nickel, gas 20 cents a gallon, and a new high quality row home went for $2500. My parents bought the home I grew up in, at 1811 Kenyon St, N.W. in Washington D.C. for $3,500 in 1935. It had six bedrooms, four baths, full basement, garage, dining room, butler’s pantry, living room, kitchen, etc, and was made of thick masonry construction in 1905. High ceilings, two fireplaces, etc, and today, it is probably worth close to a million degraded dollars. My parents bought a new Plymouth in 1940 for $660, and a new Ford in 1949 for $1800. I grew up in my Dad’s drug store, and loved it. A phone call in the booth was a nickel, and the Mt. Pleasant trolleys went by the store, charging a dime, or three tokens for a quarter. I sold thousands of packs of cigarettes at 13 cents and two packs for a quarter. On and on I could go to point out that not only has the dollar failed, and is failing, but the dollar is our measuring device for our wealth or debt maybe, but certainly our net worth, and it is as fake as a P.T. Barnum exhibit, as an accurate measurement.
This is why I constantly harp on getting out of dollars, and into gold and silver, or for that matter, anything not denominated in dollars. I didn’t say anything about being bought with dollars. You have to buy your getting out stuff with dollars, and then you are free of them till you need dollars to buy something, and then you sell what needs to be sold, to get needed dollars. I have a guy in my town, who bought lots of Krugerrands when they were $260. I mean lots of them, and not from me. He sells a couple every month at $800 plus, currently, and he is in fine shape for the rest of his life.
People sometimes say, “What will happen if gold goes down?” It may go down a bit, due to market corrections and manipulation, but that gives one a buying opportunity. Let me ask you a question about stuff ’going down.’ Will gasoline ever go back to 20 cents a gallon, or even a dollar a gallon? Will one be able to buy a six bedroom house again for $3500, or even $235,000? Will one ever be able to buy a new Ford for $1800 again? Or even $11,800? Why not? Because dollar printing is on an unstoppable roll, and no one knows how to stop the presses…or balance budgets in other words. Balance the budget? There hasn’t been a balanced budget for close to a hundred years, and it gets worse each day. A government admitted $9 trillion debt. How can it ever be paid other than by printing? An actual $40 trillion debt, counting future payments already committed for? Raise taxes to 100%? They’re already close to that already, figuring all the taxes on everything, plus the unavoidable tax of depreciating dollars, commonly known as inflation. We are living on the very edge of total insolvency and collapse. If that happens, you just don’t want to get caught with dollars, because they will go down so fast, that you won’t be able to spend them fast enough.
Literally, you won’t be able to spend them fast enough, if the inflation rate continues to increase, which the D.C. Gang lies about continuously. They have to lie about it, or everyone would take their dollars out of banks and spend them for anything tangible. They would spend them and not save any, because they would realize how futile it is to save in a currency which is depreciating far faster than the interest being accumulated. So the lies and spending continue, and the economic illiterates continue to save in dollars. This has always happened in all civilizations, when the currencies collapse. In Zimbabwe a couple of months ago, the inflation rate was 1,000%, and today it is 8,000%. A rapidly fading currency, literally cannot be spent fast enough. In Germany, in 1924, a trolley ride across Berlin might cost a hundred reichsmarks, and when you went back home, it might cost 200 reichsmarks. Coffee might cost one price, and a second cup twice as much. This is actual history, not an exaggerated story. Finally, the reichsmarks went to zero and were used to start fires, and as toilet paper.
“Oh, that will never happen to the dollar,” you might say. Well it already has! The buck is worth a penny, and buys what a penny bought a hundred years ago, and the decline has increased ever so much faster after Nixon removed the last gold backing in 1971. Now, it can be printed with wild abandon, and is. Suit yourself, and if you have a large savings account, try to have a worry free weekend.
Other observations: (1) Did we think that Oprah would endorse a white man? Which race is the most racist? (2) The Omaha Mall is a ’crime scene,’ and the hell with the hard pressed merchants who need every day they can get to break even. Seems to me that when the bodies were removed, it ceased to be a ’crime scene.’ Just another proof that cops cannot protect you. They fill out the reports. (3) The D.C. Gang admits that a BILLION dollars worth of guns, RPG’s and the like are missing in Iraq alone. If they admit to a billion in Iraq, perhaps it’s five billion total? D.C. is not a truth haven. Gee, I wonder if the ’enemy’ has them? Ain’t government grand? (3) The Model T space shuttle launch, (hiccup, hiccup, backfire, rattle sputter), has been postponed again, because a couple of important things don’t work. I wouldn’t ride in that thing for a million Gold Eagles. (4) Daddy George Warbucks has come down on the side of Wall Street and the bankers, rather than irresponsible people, mortgage brokers, investors, and appraisers being made to pay for their lies, mistakes, and gambling losses. For those of you not worried about your savings account dollar values, have a great weekend.