…In the last 16 years anyway.
I’m well aware that my columns should be about gold and silver, but sometimes I remember things most have forgotten about, and I guess it must be said.
When the USSR (Soviets) went bust in 1991, Georgia and Ukraine were among several who were delighted at the demise of the Soviet Union. They proceeded to establish their own democratic governments, and hold elections. Putin has said many times, that the demise of the communist Soviet Union, was an unmitigated catastrophe, and he has been attempting to restore it since he took office in 2000.
On August 7 and 8, 2008, Russia invaded Georgia, and quickly invaded parliament, and installed a Russian government. It was hideous, and the West 100% and the United Nations condemned it. 90% of Georgians speak their own ‘Georgian” language, and even after 15 years, only 1.2% speak Russian. They’re still there, and finally in October of 2024, an election was held, and Georgia voted that they wanted to Join the European Union and NATO. The riots continue as I write this. Georgia has had enough of Putin and his bold thirsty villains. Time will tell what Putin will do.
In March of 2014, Russia attacked Crimea, which is part of Ukraine, and he did the same thing as he did in Georgia, and Russia is still there.
A bit over a thousand days ago, Putin’s Russia attacked Ukraine, thinking it would only take five days to conquer it. He was wrong, and the Russian controlled media has kept telling Russians that Ukraine has Nazis in it, and they must be taken down. It is estimated that the Russian attack on Ukraine, has cost it a trillion U.S. dollars (The Russian ruble has a value of one U.S. penny), and close to 100,000 casualties. Like Donald Trump, Putin will never admit he has made a mistake, and the war continues. Where and when will it end? We can hope that Trump will realize Biden was correct in helping Ukraine.
The cease-fire between Israel and Lebanon seems to be holding, and there is talk of the same thing with Hamas. Time will tell about that also.
Mean-time, the U.S. debt has escalated into over $36 trillion dollars, and Biden still has a couple of months to spend and keep borders open. Most people, if questioned, know noting about the U.S. debt, or how or why prices continue to go up.
It’s all very simple.History will show that the U.S. dollar held its value, and prices were stable for a hundred years. The prices of everything have gone up by 99%, or value of the dollar gone down 99%. What has caused prices to go up, and the value of the dollar to go down? It began in 1913, with the establishment of the Federal Reserve or ‘central bank,’ which was supposed to make the economy free from collapses, and our currency stable. Neither has happened, with the result that Colorado Gold had to come into existence as insurance against inflation, which the dictionary defines as ‘an increase in the money supply.’
Before the Federal Reserve was slickly founded in 1913, prices didn’t go up for a hundred years. Alexaner Hamilton started an earlier version of the Federal Reserve, but President Andrew Jackson vetoed it, and it never reared its ugly head again, till 1913, and no one vetoed it. Here’s how it works, and in case you may think Democrats are always wrong, don’t forget about Democrat JFK, who was murdered because he was going to get rid of the Federal Reserve, bring all the troops home from Vietnam, and smash the CIA into a ‘thousand pieces.’ The CIA got him, unfortunately.
The Federal Reserve, is not ‘federal,’ and has no ‘reserve.’ When the U.S. government spends wildly, as it seems to do, it needs dollars to pay its bills, and of course to keep its credit rating excellent. It goes to the Federl Reserve, who creates the dollars out of thin air, and charges interest for the dollars it ‘loans’ the U.S. government. Since the fed has never been audited, like you and I are some times by the IRS, and won’t allow itself to be audited, no one knows where the collected interest goes, or for that matter, much of anything about the Federal Reserve, and we never will know. All we do know, is that it issues the dollars for the government to pay its bills, and the more it issues, the more the value of the dollar decreases, (Stott’s Law), and therefore prices go up via inflation. We hope Donald Trump and his guys can stop stupid spending, and that will make the Fed print less, and prices will go down.
Oh, by the way, as I write this on Friday, (I hope your Thanksgiving was great) you can have one fictitious bitcoin or 35 American Gold Eagles. Isn’t that absurd? No one has a bitcoin, only a computer entry for nothing of any value.
Don Stott- don@coloradogold.com 970-249-4646