Ever watch the commercials for prescription drugs on TV? After telling everyone how wonderful they are, and the models telling one and all, how their hot flashes are a thing of the past, they lost 40 pounds, sleep well, think well, have no more indigestion, have great sex, run a mile, swim laps, and a whole host of past problems, which are now cured. Ask your doctor to prescribe “plan X” or whatever miracle pill you can get, only by prescription, and your troubles and complaints, will only be a bad dream.
As a tag line of these commercials, usually in low volume, or fine print, ‘if you drink, smoke, or take other drugs, you may be subject to nausea, diarrhea, sleeplessness, nervous prostration, blindness, dizziness, breathlessness, heart palpitations, high blood pressure, high cholesterol, or incontinence.’ ‘These are available by prescription only, so ask your doctor to write you one.’ The doc, of course has been given lots of free samples and other handouts by the detail men, who sell the miraculous potions, so doc usually prescribe them.
America is drug crazy, and I don’t mean heroin or other addictive things. Just worthless junk that won’t hurt, cure, or do anything more than an aspirin, but, I understand that the results of these ads, make television stations extra profitable. I don’t watch NBC, CBS, CNN, or ABC, but I understand that the average age of those geezers who are looking for these miracle cures, are over 60, and can’t wait to “ask their doctor,” for the required prescription. The scrumptious male and female models in these commercials, all have rosy cheeks, full heads of hair, and snowy white teeth, plus perfect figures. It isn’t just advertised drugs which will make you young again, but soft-as-silk mattresses will make you sleep like a baby. On it goes on commercial TV.
I have heard stories of kids visiting parents’ medicine cabinets, and seeing umpteen bottle of wonderful pills which are supposed to make Mom young again, and throwing them all away in a quick act, which will not be discovered till long after the kids have gone home. I’m sure she felt better without them! Americas’ fixation on pills ignores the real things which will make you feel and look better, and these are vitamins, exercise, good food, non-smoking, no drugs, and good sleep.
The fake ‘Greenies’ now are saving the earth with electric cars, which will keep CO2 under control. (Carbon dioxide is wonderful, makes everything green grow, and there can’t possibly be too much of t!) Electric cars, by the time you build them, equip them with with rare earth batteries, have used far more carbon dioxide than was saved, and that’s for a car which will go maybe 250 miles before it needs charging with very expensive electricity at a charging stations. Windmills and solar collectors are mostly made in China, and without government subsidies, produce very expensive, on again-off again current.
Tulipomania Again?
It was in 1634, that suddenly tulip bulbs became the hot thing to buy. A tulip bulb always went for a few guilders each, but for some reason, the wealthier Dutch, began to buy and sell tulip bulbs, for ever higher prices. There became rare bulbs which went for a thousand guilders, and various other varieties of bulbs went for hundreds. The mania even spread around the world and little tulip bulbs, went for insane prices. By 1637, it was all over, and billions of guilders were lost by foolish investors.
The Crash of 1929
When World War One was over, America and the world were jubilant, and became optimistic. The stock market began to rise, and it seemed as though the stock market could go on forever, since the economy was rising, and war materials made in factories, cold now make peace time goods. Even Ford replaced the Model T, with the Model A, in 1928, which was a great improvement. The “Roaring Twenties,” took hold with ‘speakeasies’ dispensing illegal alcohol, which had been outlawed by prohibition in 1918. Everyone was having a great time with jazz, short skirts, and ‘zoot suits.’ Nothing seemed to be in the way of continued prosperity. Warnings were issued by the fed, but the market kept climbing, the Dow reaching its peak at 381.7. This sounds low today, with the market over 40,000, but then a new car cost under $500, and a new house could be bought for $6500.
“Black Monday,” occurred on October 28th, 1929 when the market lost big, and “Black Tuesday,” it October 29th, lost even more, and the crash was on, as well as the famous depression, which did not end till about 1941, in spite of all of government efforts by FDR to get the economy going. After the crash was over, with the Dow ending at 41.22, and he market began to slowly moving upward, the “Smoot-Hawley” tariff act was passed, which increased tariffs seemingly everywhere, even though economists roundly warned about it. Some saw that tariff act, caused the depression to continue. Nations passed “Beggar-Thy-Neighbor” laws, making one nation increase their tariffs as a ‘get even’ act to equalize tariffs imposed on them by Smoot-Hawley. Surely you must admit that this sounds like Trump’s idiotic up and down tariffs! Finally the depression ended when America got to World War Two, after Japan attacked Perl harbor on December 7, 1941.
The reason I mention the above, is because very recently, the internet has become full of commentaries about the absurdity of bit-coin, and how worthless they really are, backed by nothing, and they have become a first rate ‘fad,’ which is certain to crash like the tulips and stock market did in years past. This is the first time I have seen many articles about the bit-coin not standing for anything other than thin air, and that initially it too two bit-coins to buy a pizza just a few years ago.
Bit coin may not crash, and it is only my opinion that it should and will. No one knows what will happen ten minutes from now. Just think. If a person sold a single bit-coin, he or she could get 294 Gold Eagles! How can this continue?
May I sum up to point out that gold and silver cannot be printed on a printing press, and they require exploration, mining, milling, smelting, manufacture, and distribution. All of these processes can be your own personal insurance against any crash, inflation, or collapse of stocks, or other printing press items, which can be in your hands for one percent, to be held with no premium payments, till needed or bequeathed to your offspring with no taxation.
-Don Stott. don@coloradogold.com