I am not sure even I realize just how many dollars are being printed, and how bad our situation is. Around the world there are hunger riots. The prices of food have gone so ’high’ in various scrips, that some people are really hungry and unable to buy food. Why? Because wages and even handouts, never keep up with inflation…anywhere. So people are literally hungry, and maybe even on the brink of starvation. In Haiti, which probably should be exterminated anyway, they have no work, no income, and no scrip to buy food with, so they riot. Bush just sent $200 million, to help starving peoples, but that is a drop in the bucket. There are not enough dollars to buy food for the hungry in the world, even with the presses running 24/7, and still pay for our $53 trillion, committed, obligated, debt.
Over in Iraq and Afghanistan, a hundred billion here, and a hundred billion there, hundreds of thousands dead, and a whole nation wrecked and in turmoil, with hundreds of thousands of brave soldiers fighting for nothing. Here, we have a difficult time finding anything made in America. It’s all made in China, Mongolia, Pakistan, India, Taiwan, Singapore, or what have you. Much of our food is shipped in from other nations, and our main export seems to be waste paper and some farm products. Thousands of containers come here each month, and go back empty. Dollars flee from us like they were blown away in a hurricane, and more and more are printed.
The media which deal with finance, such as Bloomberg and CNBC, all deal with dollars only. They tell how to re-arrange the deck chairs, get a bit of profit to pay taxes on, and which stocks are going up. Except the stock market as a whole, is just sitting there, with few dividends. Dave Morgan (Silverinvestor.com) called me last week, and we talked for probably an hour. I asked Dave how many people he thought were wise to the benefits of getting out of dollars and into tangibles. I had estimated the figure to be maybe 100,000. Dave said he thought it was 50,000. I am placing his website up on my header, because it is worthwhile, even though a rather suspect firm, (Northwest Territorial Mint), pays to advertise there. Dave asked me if I wanted him to link his website to ours to increase business, and I said, “No,” as my son and I have enough to do already. Imagine! Out of 300 million people living here in America, Maybe from 50,000 to 100,000 know the value of true money, while 27 million watch “American Idol.” The rest are suffering from soon to be $4.00 gas, and now even the government admits to close to 13% inflation, meaning it has to be more. You who get a salary; have you gotten a 13% raise of late? Even if you did, the increase in taxes which comes with it negates part of it, so you’re still behind. Those of you with that 3% and 4% interest on savings, are actually losing a lot of your assets, but you 99.9% of America haven’t the slightest idea of what’s happening to you.
You out there: You 99% of Americans who are economic know nothings: You who say, “I don’t know anything about gold or silver, so why should I buy it? I can’t spend it like dollars.” Or perhaps those of you who say, “Look, it’s gone down from $1,000 to $930, and it may go lower, so I am not going to buy.” Well, at its current price, it’s still close to 40% higher than it was a year ago. How’s your CD doing, compared to that? I’ve been told that the Chinese now have $1.6 TRILLION of our dollars, up from $1 trillion. No wonder; we buy everything from them, and I mean almost everything. I defy you to go into a Wal Mart, and find more than 5% of non-food items which are made in the USA. Don’t bet me. Our dollars are going away, and more are being printed to replace them. Think about how many dollars are going to the Saudis for oil, and how many to India to reserve hotel rooms and do tax returns. Just think of the huge cost of war and its injuries, all paid with paper scrip known as dollars.
How long before our so called “trading partners,” buy us right out from under us, or cease taking our scrip? That’s in quotes, because if we do the buying and little selling, how are we ’partners?’ Think of the bucks going to Israel, and foreign aid in general. Think of the cost of having hundreds of thousands of troops everywhere in the world, acting like policemen. Think of the utter stupidity of people thinking that “if government pays for it.” there is no cost. The cost is in decreasing value dollars, so we all pay for whatever government pays for or does, no matter how inane. “There ain’t no such thing as a free lunch,” which is the libertarian meaning of “TANSTAAFL”
What’s going to happen here, when all the dollars go to buying gas and food, and there’s nothing left to make payments on mortgages and credit cards? Riots here? Massive increases in bankruptcies and foreclosures? Will Helicopter Ben literally drop hundred dollar bills from the sky? If he does, you’ll be lucky to buy a gallon of gas with one, so plentiful they will be. I’d never even seen a hundred dollar bill when I was a teen or in my twenties. There’s no more penny gum from gumball machines, like there were in my youth, and a quarter won’t operate a car wash any more, like they did when I was in my thirties.
Have you seen the commercial where the guy puts a piece of chewing gum in a dam which is leaking? He walks away, and the leak suddenly gets larger. Every time I see that commercial, I think of inflation, and how, like a leak in a dam, it always gets larger and larger, till there is no stopping it. That leak could be fixed, but it is impossible to stop inflation. Literally impossible to stop it, and impossible to keep it from increasing. It feeds on itself like a fatal cancer.
Now, even Toyotas aren’t selling very well. Cars aren’t selling, because no one has any dollars left after buying gas, and making other payments. Why don’t they? Because, as always happens in 100% of past cases of inflation, wages never come close to keeping up. Now restaurants are giving smaller portions and even using lighter weight utensils, so the food seems heavier, just to stay alive.
In five years, you could have almost quadrupled your dollars with gold and silver. In the next five years, I am certain it will be the same or more. How can gold, silver and anything which is tangible, such as lumber, gasoline, carrots or tires, ever ’go down,’ when the dollars used to buy them, keep falling in purchasing power due to to their continuous increase in numbers? The interest is more than the taxes being collected, people. Get wise. We’re running out of string to hold this thing together. If 200,000 got wise, and they will, gold and silver at today’s prices will be a huge bargain. Protect yourself.